TheJakartaPost
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Prabowo may eventually be able to implement his expansive fiscal policy if he can get adequate political support at the House to amend the 2003 State Finances Law that limits the deficit to 3 percent but that would cause big risks to the economic stability.
The final unit price of the Jakarta-Bandung railway, some US$52 million per kilometer, is higher than that of China’s high-speed rail, which cost between $17 million and $30 million per kilometer, as well as France’s, which cost $24 million per kilometer.
There is a prevailing perception among policymakers that imports are "bad" and exports are "good", but they are symbiotic elements of trade, and taking a strategic approach to imports can leverage international trade toward Indonesia’s integration into global value chains.
Over the next three to 10 years Indonesia will continue to have a deficit of structural engineers, network engineers, data engineers and project managers for specific construction projects, such as tunnel construction.
Back in 2020, the COVID-19 pandemic had significant socio-economic impacts on major countries, including Indonesia. The pandemic restrained economic activities, increasing the poverty level and burdening the purchasing power of the mid-to-low income class in Indonesia.
