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Bloomberg
Indonesia’s budget deficit is set to widen this year as a weakening economy puts pressure on government revenue, Finance Minister Sri Mulyani Indrawati said.
The manufacturing sector is struggling and commodity prices have dropped significantly, Indrawati told reporters Thursday in Jakarta.
She said she’d issued a decree that would allow the government to widen the 2019 deficit and borrow more.
“The pressure on revenue is huge mainly because of current economic conditions,†she said. “The deficit is likely to widen,†she added, without providing further detail.