Business »  Topic »  Indonesia president proposes $178 billion budget for 2020, targets 5.3% GDP growth

Indonesia president proposes $178 billion budget for 2020, targets 5.3% GDP growth


Indonesia's President Joko Widodo and Vice President Jusuf Kalla react to reporters after the president addressed them ahead of Independence Day at the parliament building in Jakarta, Indonesia, August 16, 2019. REUTERS/Willy Kurniawan

JAKARTA (Reuters) - Indonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.71 billion) budget to parliament for 2020, and set an economic growth target of 5.3% for next year.

Next year’s state budget, which is 3% bigger than 2019’s, will fund the president’s programmes in the first year of his second five-year term.

“The 2020 state ...


Read the full text reuters