Indonesia budget

To a large extent, fears about uncontrolled government spending have been overblown.

The former World Bank director will become the first person to hold the finance portfolio under three presidential administrations.

Despite the expenditures of the COVID-19 era, the country’s fiscal position and macroeconomic outlook are stable.

Coming after two years of pandemic-induced deficit spending, the budget assumes a strong return to growth and revenue potential in the years to come.

In 2022, the state intends to continue its robust spending on the areas most impacted by the COVID-19 pandemic: health and social assistance.