Indonesia's President-elect Prabowo Subianto proposes free school meals, raising investor concerns about financial stability and debt.
Indonesia's President-elect Prabowo Subianto has proposed free school meals, raising investor concerns over the country's financial stability. His team insists they'll adhere to legal debt limits, capping the budget deficit at 3%. Despite this, his pledge to be "daring" with spending has put Indonesia's debt and currency markets on edge, with bond yields rising and the rupiah depreciating.
July 07, 2024
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