resumptive president-elect Prabowo Subianto is reappraising the mandatory state budget deficit cap of 3 percent of GDP with statements that may indicate a more expansionary fiscal policy in store for the country.
The former general pointed out that the government recorded a budget deficit of less than 2 percent last year.
He also noted that the government spending-to-GDP ratio was around 15 percent, while the government debt-to-GDP ratio was near 39 percent, well below the legal cap of 60…
High Potency APIs Market Overview According to Mordor Intelligence, the high potency APIs market size is estimated at USD...
About The APEC Times™
The APEC Times™ compiles breaking news headlines on Asia Pacific Economic Cooperation (APEC) so that stakeholders of the region are informed. The APEC Times in conjuction with Asia Newswire™ publishes and distribute press releases to media in member countries: Australia, Brunei Darussalam, Canada, Chile, China, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, The Philippines, Russia, Singapore, Chinese Taipei, Thailand, United States, Viet Nam. For press release distribution to media, contact us today.
