The Business Times

Ronny P Sasmita

THE WRITER IS A SENIOR ANALYST AT INDONESIA STRATEGIC AND ECONOMICS ACTION INSTITUTION, A THINK TANK SPECIALISING IN GEOPOLITICAL AND GEOECONOMIC STUDIES IN INDONESIA

Indonesian President Prabowo Subianto's optimism rests on three assumptions: that waste (corruption) can be eliminated, that tax revenues can grow without burdening the economy, and that state-owned enterprises can deliver unprecedented profits to the treasury.

Prabowo’s zero-deficit delusion

Without deeper tax reform, spending restraint or realistic dividend expectations, a balanced Budget is mathematically unattainable

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