202
(Bloomberg) — Indonesia plans to propose a wider budget deficit for next year to fund new policies by the incoming president, which may include Prabowo Subianto’s free lunch program.
Most Read from Bloomberg
The fiscal gap may rise to 2.45%-2.8% of gross domestic product in 2025, Finance Minister Sri Mulyani Indrawati told reporters after a cabinet meeting on Monday. This year’s target was 2.29%. Meanwhile, economic growth could reach 5.3%-5.6% next year, from 5.2% in 2024.
The deficit estimate has accounted for priority projects like the free lunch and milk for students across the nation, said Indrawati. That program is a key campaign…