Indonesia’s President-elect Prabowo Subianto plans to fund his spending promises by steadily increasing the debt-to-GDP ratio to 50%, its highest in two decades. Reports indicate that the current debt ratio stands at 39%, and the increase is planned over the next five years. However, an adviser to Prabowo has denied these plans, creating a conflicting narrative about the future economic strategy of Indonesia.
Prabowo adviser denies plans to raise Indonesia's debt to 50% of GDP https://t.co/iHlnZaS6PW https://t.co/kLfTjdyrb1
Prabowo adviser denies plans to raise Indonesia's debt to 50% of GDP https://t.co/HqLi6iNuCD https://t.co/0kQznWutyU
⚠️ PRABOWO ADVISER DENIES PLANS TO RAISE INDONESIA'S DEBT TO 50% OF GDP Full Story → https://t.co/m2xzN4SrVg https://t.co/cWfeab1fO4
Indonesia’s President-elect Prabowo Subianto plans to fund his spending promises by steadily increasing the debt-to-GDP ratio to 50% -- its highest in two decades. https://t.co/cL6IresH7L
INDOENSIA: Bloomberg reports that president-elect Prabowo Subianto is planning to increase government debt to 50% of GDP, up from 39% currently, to fund spending promises over the next five years.
Indonesia’s President-elect Prabowo Subianto plans to fund his spending promises by steadily increasing the debt ratio to its highest in two decades — to close to 50% of GDP https://t.co/wAEhLi055h