The Jakarta Post
The government is moving to prioritize stability next year in the face of potential downside risks generated by turbulence in world politics and economics.
The government and the House of Representatives Commission XI overseeing financial affairs recently commenced discussions on the details of the proposed 2019 state budget.
During one session recently, Finance Minister Sri Mulyani Indrawati said uncertainty loomed over the global economy, which according to International Monetary Fund (IMF) projections is estimated to expand by 3.9 percent in 2018 and 2019.
The risks came from policy normalization by the United States Federal Reserve — which is expected to continue tightening its monetary policy next year — as well as uncertainties surrounding the escalating trade tensions between the US and China, Sri Mulyani said.
“We are still facing in 2019 [uncer...