Indonesia's parliament approves 2023 fiscal budget

Indonesia's parliament on Thursday approved President Joko Widodo's $200.73 billion budget for next year, with a fiscal deficit of 2.84% of gross domestic product, Qazet.az reports according to the deputy house speaker Rachmat Gobel.

The 2023 budget aims to consolidate fiscal positions after the deficit was allowed to stretch beyond a legally-mandated 3% ceiling in the last three years for emergency response to the pandemic.