TheJakartaPost
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The government has again been resorting to curbing imports in a bid to manage the current account balance, but this policy has not had a significantly positive impact on either the trade balance or manufacturing growth; rather, studies show it can have the opposite effect and eventually reduce exports.
Neither malnutrition nor rice dependency is a new issue in Indonesia, and we should refer to successful programs in the past, even back to the colonial era, to tackle root causes like nutrition illiteracy for the development of quality human resources; instead of simply handing out free lunches.
It is estimated that Indonesia's interest payments on debt will reach a whopping 20 percent this year, and considering that the country borrowed heavily during the pandemic and its deficit only returned to below the 3 percent legal cap last year, higher is not necessarily better when it comes to prudent fiscal management.
A comment by the World Bank referring to as yet unknown details of Prabowo's key campaign promise has ruffled many official feathers at this sensitive time in the country's democratic process, especially after an election season riddled with allegations of meddling.
