Indonesias Finance Minister Confirms Modest Budget Deficit for 2023: Focus on Infrastructure Investment and Prudent Fiscal Policy

Based on this, Indonesia's finance minister, Sri Mulyani Indrawati, has revealed that the Southeast Asian country is on track to maintain a modest budget deficit this year. In an interview with Bloomberg Television on the sidelines of the annual meeting of the Asian Infrastructure Investment Bank (AIIB) in Beijing, she emphasized that Indonesia is committed to maintaining a prudent fiscal policy, which includes keeping the budget deficit within manageable limits. Indrawati noted that the government has taken several measures to reduce spending and increase revenue, which has helped to keep the deficit in check. She also highlighted the importance of infrastructure investment in driving economic growth and creating jobs in Indonesia. The finance minister expressed her confidence that the country will be able to maintain a modest budget deficit this year, thanks to its prudent fiscal policy and commitment to infrastructure investment. The annual meeting of the AIIB in Beijing provided a valuable opportunity for Indrawati to discuss these issues with other financial leaders in the region. As a keen supporter of the bank's initiatives, Indonesia recognizes the crucial role that the AIIB plays in financing infrastructure projects in the region. In conclusion, Indonesia's finance minister has expressed her confidence in the country's ability to maintain a modest budget deficit this year, thanks to its commitment to prudent fiscal policy and infrastructure investment. The annual meeting of the AIIB in Beijing was a valuable platform for her to engage with other financial leaders and discuss the challenges and opportunities facing the country's financial outlook.