Today: July 15, 2024
Today: July 15, 2024

Indonesia's Prabowo to allow debt-to-GDP ratio to reach 50%, FT reports

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FILE PHOTO: Indonesian President-elect Prabowo Subianto speaks in Singapore
July 11, 2024
Reuters

JAKARTA (Reuters) -Indonesian President-elect Prabowo Subianto will allow the nation's debt-to-GDP ratio to rise to 50%, provided his administration can boost tax revenue, the Financial Times reported citing one of his closest advisers.

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