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View all search resultsState Secretary Prasetyo Hadi said on Monday that the government continued to adhere to fiscal rules and had not breached statutory deficit limits, stressing that budget management remained on a prudent footing.
While the new finance minister has promised not to make any major changes to next year's draft budget and instead focus on fiscal discipline, Sri Mulyani's departure has left markets nervous about her replacement's policy direction.
In case of a global recession and a more severe “liquidity squeeze,” Moody’s Investors Service anticipates risks to more than a quarter of the firms it rates in the Asia-Pacific region – and a third in Indonesia.
The Indonesian Chamber of Commerce and Industry (Kadin) expects manufacturers to hold back on imports of raw materials and capital goods amid reduced confidence about business prospects following the recent surge in coronavirus cases and deaths.
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