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View all search resultsA former Prabowo aide has accused the Finance Minister of overreach by hampering the administration's efforts to establish a new agency to improve state revenue, as promised on the campaign trail last year.
Airlangga was responding to questions as to whether the appointment of Djaka as head of the customs office was a violation of the newly amended Indonesian Military (TNI) Law, which mandates the retirement of active military personnel if they are assigned to civilian positions outside of 14 designated ministries or agencies.
The government says the US has expressed appreciation for Indonesia’s position on bilateral trade and lauded Jakarta’s decision to get into negotiations early, as a high-ranking delegation wraps up talks in Washington, DC.
The government is holding onto its target for 5 percent gross domestic product (GDP) growth this year despite the International Monetary Fund revising down its projection for Indonesia’s economy in a recent update.
Fiscal discipline is the key to riding out the "perfect storm" swirling around the state budget due to weakening exports amid a global trade war and planned tariff concessions to appease Washington, according to economists who also cautioned about the government's readiness in strategizing for a worst-case scenario.
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