Indonesia

Published August 17, 2012

JAKARTA, Aug 16: Indonesia’s president vowed on Thursday to slash the nation’s budget deficit to 1.6pc in 2013, unveiling a draft spending plan to maintain the economy's resilience to uncertain global conditions. Yudhoyono pledged to rein in the budget deficit from 2.23pc expected for 2012, with revenues expected to hike 11pc to 1,507.7 trillion rupiah.—AFP