No Fanfare for Indonesia as Economy Hits Trillion-Dollar Mark
- Government misses revenue target by almost $6 billion
- Budget deficit estimated at 2.6%, lower than earlier forecast
The Semanggi Interchange in Jakarta, Indonesia.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
Indonesia’s economy, the largest in Southeast Asia, hit a milestone last year by reaching $1 trillion, yet the mood wasn’t celebratory as the government continued to miss its revenue targets.
Gross domestic product was an estimated $1.004 trillion in 2017, but economic growth was probably lower than the 5.2 percent initially projected, according to figures released by Finance Minister Sri Mulyani Indrawati on Tuesday.