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NEWS UPDATES Asean Affairs     22 June  2016  

Govt, House set this year's budget deficit at 2.35% GDP

The government and the House of Representatives have set the budget deficit at 2.35 percent of gross domestic product (GDP) in the revised 2016 state budget, lower than the government’s initial prediction of 2.48 percent GDP in the draft budget.

 House budget committee vice chairman Said Abdullah said the 2.35 percent deficit target would ensure the state budget was credible and the financing gap was not widened.

"The budget deficit, which was previously proposed at 2.48 percent of GDP, must be cut to 2.35 percent so that the government will be more credible," he said at the House complex in Jakarta on Monday.

Finance Ministry head of fiscal policy Suahasil Nazara said the government would adjust the budget allocation to meet the lower deficit target and would submit the adjusted figure at the budget meeting on Tuesday.

"Expenditure is likely to be adjusted. The House has asked us to focus on urgent and prioritized budget allocations," he said.

Previously, the government set the assumption of Indonesian crude price (ICP) at US$40 per barrel, higher than the ICP assumption proposed by the government at $35.--The Jakarta Post

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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