Based on the preliminary data, Indonesian Finance Minister Sri Mulyani Indrawati stated that she is satisfied with the realization of the 2018 (revised) state budget as almost all components show an improvement.

Indonesia’s budget deficit was only 1.72 percent of the nation’s gross domestic product (GDP) in 2018, hence posting the smallest fiscal deficit over the past six years. Moreover, the deficit was significantly lower than the government's original budget deficit target of 2.19 percent of GDP for full-year 2018, and lower than the latest estimate of 1.83 percent. For comparison, the budget deficit of Indonesia had reached 2.51 percent of GDP in 2017. That relatively high deficit had made some people nervous as it seemed heading toward the legal cap.


This articles discusses:

performance of the (revised) 2018 state budget, in particular the budget deficit, state revenue, tax revenue, and government spending.
the current account balance
the banking industry (and the challenges in this industry in 2019)

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