Published: 12:57, September 19, 2024
Indonesia's parliament passes Prabowo's maiden budget
By Reuters
Prabowo Subianto (center) speaks at a gathering with media and his supporters in Jakarta, Indonesia, on March 20, 2024. (PHOTO / XINHUA)

JAKARTA - 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 percent of gross domestic product.

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

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The budget accommodates key programs 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.

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