Indonesia budget plan sees 2014 GDP growth rising to 6.4-6.9%

Indonesia budget plan sees 2014 GDP growth rising to 6.4-6.9%

JAKARTA - Indonesia's proposed 2014 budget puts GDP growth next year at 6.4-6.9 pct, above the latest Finance Ministry forecast for this year of 6.2 per cent.

In the proposed budget presented to parliament on Monday, the government said the budget deficit would be 1.7-2.3 per cent of gross domestic product. Last month, the Finance Ministry predicted this year's budget deficit would widen to 2.0-2.4 per cent from an original estimate of 1.65 per cent of GDP.

The proposed 2014 budget also put the rupiah at 9,600-9,800 to the dollar, which compares with the current level around 9,700.

Crude output was projected at 900,000 to 930,000 barrels per day. Most recent official figures show actual crude lifting was 840,000 bpd in March.

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