Indonesia's budget cut may slightly lower economic growth this year: finance minister

August 31, 2016 6:15 AM EDT

Indonesian Finance Minister Sri Mulyani Indrawati gestures during an interview with Reuters at the Finance Ministry office in Jakarta, Indonesia, August 19, 2016. REUTERS/Beawiharta


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JAKARTA (Reuters) - Indonesia's finance minister said on Wednesday that a planned cut in the state budget may shave 0.1 percentage point off economic growth this year.

Sri Mulyani Indrawati, a former managing director of the World Bank, said earlier this month that she had clearance from President Joko Widodo to slash spending, including regional funds, by 133.8 trillion rupiah ($10.2 billion).

(Reporting by Hidayat Setiaji; Writing by Eveline Danubrata; Editing by SImon Cameron-Moore)



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