Indonesia Announces $18.8 Billion Spending Cut in Latest Economic Move
2025-01-23
Reuters
In a bid to boost economic stability, Indonesia's President Prabowo Subianto has ordered a significant reduction in government spending. The finance ministry has announced plans to cut 306.7 trillion rupiah, equivalent to $18.8 billion, from this year's budget. This move aims to promote fiscal discipline and support economic growth. The spending cuts are part of the government's efforts to manage its finances effectively and navigate the current economic landscape. Key areas of focus include budget planning and financial management, with the goal of achieving long-term economic stability and prosperity. Indonesia's economic strategy is expected to have a positive impact on the country's financial outlook.
