Economics
Indonesia’s 2020 Budget Deficit Now Seen Double Initial Target
- Budget shortfall expected to widen to 6.27% in 2020 on virus
- Government plans $10 billion bailout for state-owned companies
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Indonesia’s budget deficit is expected to widen to 6.27% of gross domestic product this year, more than double the initial ceiling, as President Joko Widodo ramps up stimulus to counter the blow from the coronavirus pandemic.