for 2021, which his finance minister described as both supportive for Southeast Asia's largest economy and also the start of a fiscal consolidation.
This year's budget deficit outlook is the biggest in decades because of increased spending to respond to the coronavirus pandemic. Indonesia's economy is set to shrink for the first time since the 1998 Asian financial crisis because of the pandemic this year, within a range of -1.7 per cent to -0.6 per cent. The 2021 budget assumes economic growth will rebound to 5 per cent, said Finance Minister Sri Mulyani Indrawati."The 2021 budget is supportive and consolidative. Supportive meaning it will continue to support economic recovery ...
Health spending is allotted at 169.7 trillion rupiah next year, 20 per cent below 2020's, which was caused by one-off spending this year for COVID-19, such as building new hospitals, Sri Mulyani said.
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