In the 2021 State Budget, the Government has budgeted for a fiscal deficit of IDR1,006.4 trillion (5.7% of GDP) after a deficit of IDR1,039.2  trillion (6.3% of GDP) in 2020. With a total state expenditure of IDR2.750.0 trillion, Central Government expenditure is allocated at IDR1,954.5 trillion.
I believe that the whole Banking Union could benefit from this experience. There is a long and evolving tradition of cooperation between Nordic supervisors. Participation in the SSM would strengthen the governance of this cooperation and make it better aligned with the structure of the major banks in the region.