The State Budget 2025, which accommodates some signature programs of president elect Prabowo Subianto, is drafted to maintain a prudent fiscal management by keeping budget deficit target below 3% of GDP. The debt ratio will also be maintained below 40% of GDP. While Prabowo’s economic team (led by nephew Tommy Djiwandono) dismissed plans to push to the limits set by the laws, Hashim Djojohadikusumo (who already presented himself the next ‘Luhut’) told international media outlets recently that his brother will do so.To subscribe please click here
