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Indonesia to speed up spending, deploy policy mix to revive growth

Tax revenue collection falls short of govt target amid weak oil prices

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Published Wed, May 6, 2015 · 09:50 PM

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    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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