By I Made Sentana

JAKARTA--Indonesian government likely booked a deficit in its 2016 budget equal to 2.46% of gross domestic product, below the 3% mandatory cap designed to keep the deficit sustainable.

Finance Minister Sri Mulyani said Tuesday the government's revenue collection last year likely amounted to 97.2% of its expectation, while spending likely amounted to 96.1%.

"Overall, there's an improvement in the budget absorption," Ms. Mulyani said. This helped drive economic growth last year amid lingering global headwinds.

She said Southeast Asia's largest economy likely expanded 5.0% in 2016, mostly driven by household consumption, private investment and the government's spending.Write to I Made Sentana at

(END) Dow Jones Newswires

January 03, 2017 00:55 ET (05:55 GMT)

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