Indonesia to speed up spending, deploy policy mix to revive growth
Tax revenue collection falls short of govt target amid weak oil prices
Jakarta
INDONESIA will take coordinated action to revive growth after the worst slowdown since 2009, pledging on Wednesday to speed up government spending and prepare a mix of monetary policy changes.
The economic offensive comes a day after data showed that South-east Asia's largest economy grew at a slower-than-expected pace of 4.71 per cent in the January-March quarter. The slowdown was mainly due to a collapse in commodities prices and weak government spending.
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