2017 Budget Deficit Seen Widening to 2.6% of GDP
June 20, 2017- Finance Minister Sri Mulyani Indrawati said on Monday (19/06) that she expects the country's 2017 budget deficit might be 2.6 percent of gross domestic product, wider than the 2.41 percent seen in the current plan.
The government "detected around Rp 50 trillion ($3.76 billion) shortfall of tax revenue", Sri Mulyani told reporters, while spending is estimated to be higher this year than in the budget.
The deficit "could widen to 2.6 percent [of GDP]or maybe slightly above that," she said.
Earlier this month, Indrawati estimated budget deficit equal to 2.5 percent deficit of GDP.