Indonesia’s 3% deficit cap: guardrail or growth barrier?
Indonesia is considering lifting a statutory cap on government spending that has been in place for more than two decades, as President Prabowo Subianto pushes for faster economic growth. Supporters argue that greater room to borrow and spend would let Southeast Asia’s largest economy invest its way towards Prabowo’s target of 8 per cent annual growth by 2029. Economists counter that weakening the…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
Also reported by 1 other outlet
- SMBC Indonesia pivots to wealthier millennials to drive growth asia.nikkei.com
