The Indonesian government has decided to focus on three priority sectors for the budget next year. They are food security, industrial estate development and ICT. President Joko Widodo proposed a USD 185 billion budget in mid-August, which will see a GDP deficit of 5.5%. This was up from the initially budget of USD 153 billion, which would have created a deficit of 4.7%. Other than the three priority sectors, Indonesia is also placing high importance on the education and health sectors, especially in the area of COVID-19 vaccine costs.
Ultimately, the government aims to channel the budget into projects that can revitalize the economy. They are working with the National Development Planning Agency (Bappenas) and the Ministries to cut down unemployment and poverty and increase efficiency and productivity of the nation.
(Source: Antara)
