Finance Minister Announces Bleak Economic Outlook for Indonesia

The Finance Ministry unveils a discouraging picture for Indonesia’s economic outlook for the second half in the latest disclosure for state budget realization, with factors such as depreciation and global uncertainty leading to shortfalls from initial projections.

Bisnis, JAKARTA — Finance Minister Sri Mulyani has confirmed deviations from the macroeconomic assumptions used in drafting the state budget in a meeting with the House Budget Committee held on Monday (8/7).

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