Prabowo’s economic play: balancing Indonesia’s growth with economic discipline

[JAKARTA] With less than two weeks to go until his inauguration, Prabowo Subianto – who will be sworn in as Indonesia’s next President on Oct 20 – faces high-stakes expectations to deliver on his ambitious pledge to spur economic growth while maintaining fiscal discipline.

Market watchers are zeroing in on how the 72-year-old seasoned politician will navigate these opposing forces, especially as he prepares to unveil a new Cabinet with unprecedented authority over policy decisions that will shape the country’s economic landscape.

“Balancing fiscal discipline and boosting economic growth will be one of Prabowo’s biggest asks,” Henry Wibowo, head of Indonesia research and strategy at JPMorgan, told The Business Times.