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Economy

Indrawati chops $10bn from Indonesia's budget

Indonesian Finance Minister Sri Mulyani Indrawati poses for selfies with well-wishers at the World Islamic Economic Forum in Jakarta on August 4 (Photo: Simon Roughneen)
WATARU SUZUKI, Nikkei staff writer and SIMON ROUGHNEEN, Asia regional correspondent | ASEAN

JAKARTA -- Sri Mulyani Indrawati, Indonesia's new finance minister, said on Wednesday that 133.8 trillion rupiah ($10 billion) will be cut from government spending this year in anticipation of a widening shortfall in tax revenue.

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