Indonesia fiscal policy

The former World Bank director will become the first person to hold the finance portfolio under three presidential administrations.

Here are the three main contenders to take the post when President-elect Prabowo Subianto takes office in October.

The president-elect plans to increase the country's debt-to-GDP ratio to 50 percent, up from 39 percent currently, in order to achieve his ambitious growth targets.

Prabowo's deficit-driven economic vision draws from that of his father Sumitro Djojohadikusumo, a key intellectual of the early post-independence period.

Despite the expenditures of the COVID-19 era, the country’s fiscal position and macroeconomic outlook are stable.

Coming after two years of pandemic-induced deficit spending, the budget assumes a strong return to growth and revenue potential in the years to come.

In 2022, the state intends to continue its robust spending on the areas most impacted by the COVID-19 pandemic: health and social assistance.

It is worth questioning the dictum that central banks should occupy their own autonomous policy space.

It's a difficult time for developing economies seeking to fund emergency measures. Indonesia has adopted a bold new strategy in response.

Indonesia is in a tough spot – waging a public health war against COVID-19 while fighting off recession using limited fiscal resources.