Round one of Indonesia's 2006 budget

As Indonesia''s economy slows, politicians still remain optimistic.

Last week, Indonesia's President Susilo Bambang Yudhoyono presented to parliament a draft 2006 budget which may be a tad optimistic - but no worries, it's just the start.

I haven't seen a budget that stays the same in a year yet, notes Joseph Tobing a research analyst for Merrill Lynch. You can always change it later.

Yudhoyono's proposed 2006 budget includes expectations that the deficit will come in at 0.7% of GDP from 1% in 2005. He forecasts the tax income ratio to GDP will rise to 13.4%, up from 13.2%.

Total domestic financing is expected to be 1.9% of GDP up from...

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