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Indonesia lifts economic recovery budget again to over $49bln

Indonesia lifts economic recovery budget again to over $49 bln

By Reuters Staff 3 Min Read JAKARTA, Feb 15 (Reuters) - Indonesia has again raised the budget for its National Economic Recovery (PEN) programme, which includes its mass vaccination campaign, to now reach 688.33 trillion rupiah ($49.48 billion) its finance minister said on Monday. Initially earmarked at 372.3 trillion rupiah, Finance Minister Sri Mulyani Indrawati has gradually lifted the programme’s budget several times. Earlier this month, she put the value at 619 trillion rupiah. The new increase came after Southeast Asia’s largest economy last year recorded a full-year gross domestic product contraction of 2.1%, its first since 1998, which the central bank said was softer than expected.

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