Jakarta banks on stronger GDP growth in 2018 budget
Jakarta
INDONESIAN President Joko Widodo on Wednesday proposed a state budget for 2018 that assumes an acceleration in growth to fund a series of measures aimed at addressing inequality in South-east Asia's biggest economy.
In an address to Parliament, Mr Widodo said the main focus of his fiscal policy next year was fairer distribution of growth, including targeting the building of infrastructure and developing border areas.
TRENDING NOW
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
Too little, too late? Manila’s billion-dollar bid to ignite its sputtering EV industry
Vietnam seeks US$76 billion a year from capital markets to ease reliance on banks
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks