target of 6.8% next year and will suffer a bigger budget deficit if crude oil prices hit $100 a barrel. Mulyani Indrawati said $100 oil would widen Indonesia’s budget deficit to 75.9 trillion rupiah or 1.8% of GDP from an earlier estimate of 73.3 trillion or 1.3% of GDP. ($1=9,400 rupiah). As a result of…
INDONESIA: $100 oil could hurt economic growth
Posted on November 28, 2007 by EnergyAsia