Reported about 11 hours ago
Indonesian President Prabowo Subianto is facing pushback as he seeks to cut spending and redirect funds to social programs, criticizing bureaucrats he calls 'little kings' for resisting his plans. Despite concerns that these budget cuts—amounting to about 8.5% of the planned state spending—may hamper public services and infrastructure projects, Prabowo remains committed to his campaign pledges. Analysts warn that the cuts could lead to reduced economic growth and lower corporate earnings in sectors reliant on government spending.
Source: YAHOO