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Indonesia's default risk surges amid concerns of fund exit

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Slow state spending has hampered growth in the country, with only 31 per cent of 2015's targeted disbursement spent by the end of May.

Jakarta

THE cost to insure Indonesia's bonds against default rose to the highest this year as the falling rupiah and accelerating inflation fuelled concern foreign investors will pull out of the country.

Five-year credit default-swaps on the debt jumped 19 basis points to 180 in

sentifi.com

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