Indonesia Makes a Big Fiscal Bet
(Bloomberg Opinion) -- Don’t you wish you had a dollar for every beleaguered official who cried “fiscal policy must do more”? Indonesia’s President Joko Widodo actually seems to mean it. Fresh from re-election, Jokowi, as he’s known, is aiming to cushion Southeast Asia's largest economy from a slowdown and make much-needed investments in infrastructure like roads, ports and airports, and even a new capital city. The national budget for 2020, published Friday, seeks record spending. Indonesian growth hasn’t been terrible. The pace of GDP ...
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