Indonesian President-elect Prabowo Subianto plans to raise debt-to-GDP ratio to 50% with increased tax revenues.
Indonesian President-elect Prabowo Subianto plans to allow the nation's debt-to-GDP ratio to rise to 50%, provided his administration can boost tax revenues, according to his closest adviser, Hashim Djojohadikusumo. The Financial Times reported that the administration aims to raise both revenue and debt levels, emphasizing that increasing debt without raising revenue would not be the goal. Indonesia's current debt-to-GDP ratio stands at 39%.
July 11, 2024
7 Articles