March 24, 2020 / 10:18 AM / 5 days ago

Indonesia president says government wants relaxation on fiscal budget

JAKARTA, March 24 (Reuters) - Indonesian President Joko Widodo said on Tuesday the government wants to relax a limit on the fiscal budget as it faces financial strains from tackling the spread of coronavirus.

“We have been discussing this in the past few days and I have met with the Speaker of the House to get political support,” Widodo said in a televised briefing.

Indonesia is discussing raising the limit of the country’s fiscal deficit from 3% of gross domestic product as government boosts health spending and injects the economic with stimulus.

Reporting by Maikel Jefriando; Writing by Fransiska Nangoy; Editing by Alison Williams

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