Indonesia finance minister backs 3% GDP deficit cap
Suahasil Nazara said he remains committed to Indonesia’s legislated annual fiscal deficit cap of 3% of GDP and urged constructive discussion on any potential changes to fiscal rules.
Indonesia’s finance minister on Friday said he remains committed to the legislated annual fiscal deficit cap of 3% of GDP. He also said any discussion of possible changes to fiscal rules should be handled constructively so financial markets do not react to the changes.