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The government sets 2021 State Budget deficit of 5.7%

25 November 2020 13:44

JAKARTA - The government has set the budget deficit for 2021 to be lower than in 2020, reaching 5.7% or IDR 1,006.4 trillion.

Finance Minister, Sri Mulyani Indrawati, said the deficit in 2021 was smaller than the deficit in 2020 of 6.34% or IDR 1,039 trillion.

According to her, government spending for the 2021 State Budget is set at IDR 2,705 trillion. As big as IDR 1,032 trillion is for 87 Ministries and Institutions, to be focused at handling Covid-19, vaccinations, social protection, and economic recovery.

In an effort to support economic recovery in the regions, the government has set an allocation of IDR 795.5 trillion for regions and villages; which also to improve the quality of education and health there. (AM/VA)

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