At the same forum, Febrio Kacaribu, a finance ministry official, estimated the fiscal deficit for 2021 would be 5.7% of gross domestic product, unchanged from the ministry's previous outlook.
The mayor called for a new and substantial round of stimulus to help offset the economic fallout from the pandemic and stave off the possibility of state funding cuts.
According to Finance Ministry figures, the federal government's expenditure during the last five months was Rs 2.4 trillion, of which Rs 244 billion was spent on debt repayment.
On Thursday, the outgoing Trump Administration launched a last ditch appeal supporting Israel in the United Nations, by voting against the organisation's annual budget - which found no international support.
As a result, the United Nations General Assembly approving a $3.231 billion budget for 2021, with 167 nations in favour and only the United States and Israel in contention.
The statement did not give a comparison to actual spending in 2020, but the size of the 2021 budget is 14 percent below the 66.4 billion dirhams it had set for 2020
The budget takes into account the exceptional economic conditions of the fiscal year 2020 and the repercussions of the pandemic on the global economy
Japanese Prime Minister Yoshihide Suga’s government approved a ninth consecutive rise in military spending on Monday, funding the development of an advanced stealth fighter and longer-range anti-ship missile to counter China’s growing military power.
The Ministry of Defense will get a record 5.34 trillion yen ($51.7 billion) for the year starting in April, up 1.1% from this year.
The 106.6 trillion yen ($1.03 trillion) annual budget also got a boost from record military and welfare outlays. It marked a 4% rise from this year's initial level, rising for nine years in a row, with new debt making up more than a third of revenue.
( The Japanese capital Tokyo, faced with acute strains on its medical system from the COVID-19 pandemic, raised its alert level to the highest of four stages on Thursday as the number of new cases spiked to a record daily high of 822.
Imports shed 11.1% in November compared with the same month a year earlier, versus the median estimate for a 10.5% decrease. Japan's trade surplus narrowed to 366.8 billion yen ($3.54 billion), versus the median estimate for a 529.8 billion yen surplus.
