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Indonesia's parliament passes Prabowo's maiden budget

BY Reuters | ECONOMIC | 09/19/24 12:07 AM EDT

JAKARTA (Reuters) - Indonesia's parliament on Thursday passed President-elect Prabowo Subianto's maiden budget for 2025, with spending set at 3,621.3 trillion rupiah ($237 billion) and the fiscal deficit projected to be 2.53% of gross domestic product.

The budget assumes economic growth of 5.2%, a small increase from 2024's forecast of 5.1%, and a revenue target of 3,005.1 trillion rupiah.

The budget accommodates key programmes of Prabowo's incoming government, including a free meal policy for children which will cost 71 trillion rupiah, free health check-ups, the building of hospitals and renovating schools, and food security initiatives.

Prabowo will start his five-year term?on?Oct.?20.

($1 = 15,272 rupiah)

(Reporting by Stefanno Sulaiman; Editing by John Mair)

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