Jakarta, ID
Tuesday, May 29 2012, 06:47 AM

Business

State budget deficit will be less than 2.1 percent: Govt

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The government has said the deficit of the 2010 revised state budget might be less than an initial target of 2.1 percent.

"We are optimistic that the state budget deficit will be only about 1.5 percent," Finance Minister Agus Martowardjojo said in Jakarta on Saturday.

According to Agus, the government will make some debt adjustments to reduce the budget deficit.

"We will optimize loans through a buyback or a debt switch," he said.