Corona Stimulus Widens the Deficit, Is the State Budget Still Safe?

By Editorial Team 16/03/2020
Summary

This year's state budget deficit has the potential to increase 0.8 percent to 2.5 percent of Gross Domestic Product (GDP). Finance Minister Sri Mulyani said the state budget deficit would widen as the government poured stimulus to ward off the impact of the coronavirus (Covid-19).

"In terms of fiscal and non-fiscal stimulus that has been given, the overall state budget policy will create a deficit of around 2.5 percent or Rp 125 trillion in additional deficits," Sri Mulyani said during a press conference at the Ministry of Economic Affairs Office last week.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.