Prabowo’s economic play: balancing Indonesia’s growth with economic discipline
Ahead of his inauguration on Oct 20, the 72-year-old faces huge challenge to deliver strong growth and maintain fiscal discipline
Add BT as a preferred source
[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.
TRENDING NOW
Singapore at 61: How we can ensure opportunity, security and ownership for the next generation
With tech for fact-checking to cancer care, Singapore startups aim beyond home
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
Why Asean matters more than ever to the UK and Singapore
