Indonesia finmin sees 2011 budget deficit at 2.1 pct of GDP

Indonesia's government sees its budget deficit for 2011 at 2.1 percent of gross domestic product, wider than the 1.8 percent previously expected, according to the transcript of a speech Finance Minister Agus Martowardojo is giving parliament on Monday.

This came as its fuel subsidy bill was seen rising to 120.8 trillion rupiah ($14.1 billion), up from a previous budget forecast of 95.9 trillion rupiah, on higher oil prices, Martowardojo told parliament in the speech.
The government's revised 2011 budget still needs to be approved by parliament. Source: Reuters