(Bloomberg) -- Indonesia President-elect Prabowo Subianto has agreed with the outgoing administration to allocate 71 trillion rupiah ($4.3 billion) for his...
-- Indonesia President-elect Prabowo Subianto has agreed with the outgoing administration to allocate 71 trillion rupiah for his free meal program for school children that won’t blow the budget deficit cap, allaying market concerns of expansionary spending.Hedge Funds’ Bullish Copper Bets Run Into China’s Slowdown
Bloomberg News reported earlier in June that Prabowo had planned to raise the debt-to-gross domestic product ratio to 50% by the end of his first term from the current 39% in order to fund his spending promises. The rupiah and Indonesian bonds tumbled and Prabowo’s economic transition team denied the report, saying it was not a formal position. Djiwandono again refuted the plan at Monday’s briefing.
Her comments were echoed by former finance minister Chatib Basri, who said the development suggests both the current and incoming governments will maintain fiscal discipline. Trump mixes up Jan 6 riot ‘suspects’ with Russian spies in rambling speech at Christian faith conferenceJason Selvig of The Good Liars said he had never seen this before at one of the former president's rallies.Rove: Trump declining in polls since hush money conviction
Bloomberg Thomas Djiwandono Budget Deficit Free Meal Program Indonesia Current Government
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