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Jokowi spells out spending, tax-cut plans

He plans to spend more on outlying regions; forecasts 5.5% GDP growth for next year

Published Fri, Aug 14, 2015 · 09:50 PM
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Jakarta

INDONESIAN President Joko Widodo plans to spend more on the nation's outlying regions next year and will seek law-makers' approval to cut tax rates, betting that lifting incomes will help revive a slowing economy.

The Indonesian leader, popularly known as Jokowi, predicts gross domestic product (GDP) will increase 5.5 per cent next year and forecasts a stronger rupiah than current levels.

The 2016 targets were given in his first full-year budget on Friday, two days after he unv…

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