Indonesia posts $7 bln budget surplus in Jan-April, helped by commodity prices
JAKARTA, May 23 (Reuters) - Indonesia had a budget surplus of 103.1 trillion rupiah ($7.03 billion) in the first four months of 2022, equivalent to 0.58% of GDP, Finance Minister Sri Mulyani Indrawati said on Monday, compared with a 0.81% deficit in the same period in 2021.
Government revenues surged 45.9% on a yearly basis in the January-April period to 853.6 trillion rupiah, which the minister attributed to high commodity prices and an economic recovery from the COVID-19 pandemic. Spending rose just 3.8% on a yearly basis to 750.5 trillion rupiah. ($1 = 14,670.0000 rupiah)
Reporting by Stefanno Sulaiman and Gayatri Suroyo Editing by Ed Davies
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