Indonesia president proposes $178 billion budget for 2020, targets 5.3% GDP growth

Indonesia president proposes $178 billion budget for 2020, targets 5.3% GDP growthIndonesian President Joko Widodo on Friday proposed a 2,528.8 trillion rupiah ($177.71 billion) budget to parliament for 2020, and set an economic growth target of 5.3% for next year. Next year's state budget, which is 3% bigger than 2019's, will fund the president's programmes in the first year of his second five-year term. "The 2020 state budget policy is designed to be expansive but to remain targeted and measured," the president said in his annual budget speech to parliament.


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