TheJakartaPost
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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.
Lecturers’ long wait for performance allowances is nearing an end, with the government promising to start disbursements as early as July; a move welcomed by lecturers' associations, though concerns persist over the unequal distribution of the new incentive scheme.
The government and economists agree that an increasingly protectionist US trade policy is weighing on Indonesia’s economic growth, but the full extent of the damage will depend on the final tariffs Washington imposes on goods from the archipelago and its trade partners.
The finance minister, a seasoned economist, has criticized Trump's tariff policy as devoid of any basis in economic science, while highlighting the resulting turmoil in global trade as presenting a fresh opportunity for Indonesia.
The Coordinating Economic Minister downplayed Tuesday's temporary plunge to a record low in a doorstep interview on Wednesday, saying that currency fluctuation was “normal” and pointing to external factors as the cause, without elaborating.
According to the National Nutrition Agency (BGN), which runs the free nutritious meal program, the new injection is expected to cover the cost of the full-scale program, estimated at Rp 25 trillion per month, once it launches in September
