Prabowo’s 8% Growth Gamble: Reform or Bureaucratic Bloat?

Quick Summary:

Indonesia's incoming president has an ambitious economic plan, but his current approach may not be up to the task.

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.

The continuity in key appointments, such as Airlangga Hartarto remaining as coordinating minister for economic affairs and Sri Mulyani as finance minister, offers some hope that Indonesia will continue on a path toward greater openness and inclusivity in its economic policies.

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Article Details

Author / Journalist: Rania Teguh

Category: Economy

Markets: United StatesAustraliaBhutanChinaIndiaIndonesiaNorth KoreaMaliSri LankaTaiwanUkraineVietnam

Topics: Economic Middle Global Growth Been Percent Prabowo Class Indonesia Reforms

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-17 @ 17:32:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 2618 words

Reading Time: 15 minutes read

Sentences: 122 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 23113110

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