JAKARTA (Reuters) – Indonesia’s parliamentary budget committee on Tuesday approved President Joko Widodo’s 2024 budget with a total spending of 3,325.1 trillion rupiah ($216.27 billion) and a budget deficit of 2.29% of GDP, committee chair Said Abdullah said.
The president had in August proposed spending of 3,304.1 trillion rupiah. The 2024 budget assumes economic growth of 5.2%, unchanged from the government’s proposal.
The budget committee’s decision is expected to be approved by a wider parliamentary vote at a later date.
($1 = 15,375.0000 rupiah)
(Reporting by Stefanno Sulaiman; Editing by Kanupriya Kapoor)
