Indonesia prepares COVID-era rule with deficit likely to breach 3% ceiling
JAKARTA -- Indonesia is preparing a COVID-19-era regulation likely to relax the country's fiscal deficit ceiling amid concerns of potentially rising government spending due to soaring oil prices, the country's chief economic minister said on Friday.
Prabowo calls for reduced oil consumption amid soaring crude prices
A congested road in central Jakarta. Indonesia heavily subsidizes retail fuel prices. (Photo by Yuki Kohara)
JAKARTA -- Indonesia is preparing a COVID-19-era regulation likely to relax the country's fiscal deficit ceiling amid concerns of potentially rising government spending due to soaring oil prices, the country's chief economic minister said on Friday.
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