Reported 7 months ago
President-elect Prabowo Subianto of Indonesia plans to gradually raise the debt-to-GDP ratio by 2 percentage points annually over the next five years, potentially reaching close to 50% by the end of his term. This strategy, aimed at funding his campaign promises, marks a significant departure from Indonesia's conservative fiscal policy and could reassure investors of the country's commitment to fiscal prudence. However, discussions are ongoing, and the proposal may evolve over time.
Source: YAHOO