Indonesia posts $7 billion budget surplus in Jan-April, helped by commodity prices

JAKARTA (Reuters) - Indonesia had a budget surplus of 103.1 trillion rupiah ($7.03 billion) in the first four months of 2022, equivalent to 0.58% of GDP, Finance Minister Sri Mulyani Indrawati said on Monday, compared with a 0.81% deficit in the same period in 2021.

Government revenues surged 45.9% on a yearly basis in the January-April period to 853.6 trillion rupiah, which the minister attributed to high commodity prices and an economic recovery from the COVID-19 pandemic. Spending rose just 3.8% on a yearly basis to 750.5 trillion rupiah.

($1 = 14,670.0000 rupiah)

(Reporting by Stefanno Sulaiman and Gayatri Suroyo; Editing by Ed Davies)