⁍ Indonesia’s government will propose expanding its 2021 fiscal deficit assumption to 5.2% of GDP.

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⁍ Finance Minister Sri Mulyani Indrawati said President Joko Widodo wanted more fiscal room next year.

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⁍ Indrawati has previously said the 2021 fiscal deficit was expected to be between 4.17%-4.7% of GDP.

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– Indonesia, the world’s largest Muslim-majority country, is aiming to reduce its budget deficit to 5.2% of GDP in 2021 from the previous estimate of 4.1% to 4.7%, the Wall Street Journal reports. Finance Minister Sri Mulyani Indrawati said Tuesday that President Joko Widodo wanted more room for fiscal room next year to deal with uncertainty over the end of the coronavirus pandemic and the availability of a vaccine, per Reuters.