Title: The Federal Budget Execution for 9 Months of 2020: Record Borrowings, Growing Expenditure
Abstract: At nine months-end 2020, the federal budget revenues contracted by Rb1,818.6 bn and expenditures went up by Rb3,040.9 bn against the same period of the previous year; the budget has been executed with a deficit to the tune of Rb1,773.3 bn. Contraction of revenues and ramping up of expenditures resulted in record non-oil and gas deficit which resulted in raising debt financing.
Publication Year: 2020
Publication Date: 2020-01-01
Language: en
Type: article
Indexed In: ['crossref']
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