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View all search resultsThe outgoing President is planning to hand over the country's finances to his successor on Friday while delivering the annual State Budget Address, which experts will be watching keenly for indications of the incoming administration's policy direction on the economy
A member of Prabowo Subianto’s Gerindra Party who also heads the president-elect’s transition team has denied a report about alleged plans of the incoming administration to revise the State Finance Law.
Indonesia’s president-elect Prabowo Subianto plans to fund his campaign promises by increasing the Indonesian debt-to-gross domestic product (GDP) ratio by 2 percentage points annually, potentially reaching 50 percent by the end of his term. In response to this unprecedented fiscal policy, Morgan Stanley downgraded its evaluation of Indonesia's equities to "underweight," forecasting short-term economic uncertainty.
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