October 30, 2018 / 7:46 AM / 19 days ago

Indonesian parliament body approves govt 2019 budget with 1.8 pct of GDP deficit

JAKARTA, Oct 30 (Reuters) - The Indonesian parliament’s budgetary committee on Tuesday approved President Joko Widodo’s 2019 budget that has a fiscal deficit of 1.84 percent of GDP, smaller than this year’s projected budget gap of about 2 percent.

The committee approved a slightly bigger 2019 spending plan then Widodo’s proposal, at 2,461.1 trillion rupiah ($161.65 billion), chairman of the committee Aziz Syamsuddin said.

Widodo proposed in August a spending allocation of 2,439.7 trillion rupiah.

The budget assumes economic growth of 5.3 percent in 2019, with inflation at 3.5 percent and the rupiah averaging 15,000 a dollar.

The parliament, which usually approves the committee’s endorsement, will vote on the budget on Wednesday. ($1 = 15,225.0000 rupiah) (Reporting by Maikel Jefriando and Gayatri Suroyo; Editing by Kim Coghill)

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