Bloomberg News

Indonesia Budget Assumptions Approved by Parliament Committee

October 27, 2011

Oct. 28 (Bloomberg) -- Indonesian lawmakers approved the budget assumptions under which the government will operate in 2012, Melchias Mekeng, head of the parliament’s budget committee, said early today. The measures will be presented to the full parliament later today.

Indonesia’s 2012 target for gross domestic product growth is 6.7 percent, and consumer prices will probably accelerate 5.3 percent, Mekeng said after a meeting with Finance Minister Agus Martowardojo that ended after midnight.

The government’s budget deficit target next year will be 1.5 percent of GDP, down from 1.8 percent this year, Mekeng said.

To contact the reporter on this story: Hidayat Setiaji in Jakarta at hsetiaji@bloomberg.net

To contact the editor responsible for this story: Greg Ahlstrand at gahlstrand@bloomberg.net


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