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State Budget Deficit Can Be Reduced Earlier
As of 14 Dec. 2022, the 2022 State Budget deficit accounted for 1.22 percent of gross domestic product, lower than the initial target and projection.
JAKARTA, KOMPAS β To anticipate the impact of the global economic slowdown next year, the government plans to reduce the deficit in the State Budget (APBN) in early 2023. With a lower deficit projection and additional fiscal space during the year, state expenditures can be prioritized to maintain the buying power of vulnerable groups and help drive the wheel of the national economy.