Indonesia's President-elect Prabowo Subianto pledges fiscal prudence, limiting public debt and deficits to 60% and 3% of GDP.
Indonesia's President-elect Prabowo Subianto pledges fiscal prudence, adhering to laws that limit public debt and annual budget deficits to 60% and 3% of GDP respectively. Foreign investors are monitoring the incoming government's fiscal stance, with ratings agencies warning that Prabowo's campaign promises could be costly and impact the nation's fiscal discipline. The government aims to maintain next year's fiscal deficit between 2.48% and 2.8% of GDP.
April 04, 2024
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