Finance Ministry simulations suggest the fiscal deficit could widen to 3.6% of GDP if oil prices average $92 per barrel this year.
Finance Minister Purbaya says the government is still assessing whether Indonesia’s budget deficit could widen beyond the 3% ...
Finance Minister Purbaya Yudhi Sadewa says the worst-case scenario of domestic crude averaging US$92 per barrel throughout the year could force the government to reduce fuel subsidies or cut spending ...