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…
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