• SPX
  • $5,728.24
  • 1.96 %
  • $109.98
  • DJI
  • $42,049.16
  • 1.32 %
  • $546.06
  • N225
  • $37,155.33
  • 2.13 %
  • $775.16
  • FTSE
  • $8,328.72
  • 0.91 %
  • $75.04
  • IXIC
  • $18,083.07
  • 2.9 %
  • $509.77

Indonesia's parliament passes Prabowo's maiden budget

By Reuters   |   Sep 19, 2024 at 12:08 AM EST
Indonesia's parliament passes Prabowo's maiden budget

JAKARTA (Reuters) - Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.53% of gross domestic product.

The budget assumes economic growth of 5.2%, a small increase from 2024's forecast of 5.1%, and a revenue target of 3,005.1 trillion rupiah.

The budget accommodates key programmes of Prabowo's incoming government, including a free meal policy for children which will cost 71 trillion rupiah, free health check-ups, the building of hospitals and renovating schools, and food security initiatives.

Prabowo will start his five-year term on Oct. 20.

($1 = 15,272 rupiah)

(Reporting by Stefanno Sulaiman; Editing by John Mair)

Did you find this insightful?


We are preparing, please wait

×
New Alert

Select an alert type

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.

New Alert

Setup alert

×

Premium Content

This content is only available for premium members. Please become a paid member to access.

Download App

Currently, memberships can only be purchased through the app.

×

Log In


or

download app using google store Continue with Google download app using apple Continue with Apple

Email Verification

An email with a verification code has been sent to your email address.

Welcome to StockNews!

Create Your Account

Email Verification

An email with a verification code has been sent to your email address.