Putting on the Breaks
For the second time, the government is reducing spending to lower the deficit. There is pessimism that targets from the tax amnesty can be achieved.
August 16, 2016
PRESIDENT Joko Widodo did not provide any opportunity for ministers to object in a cabinet meeting two weeks ago. He considered the presentation by Finance Minister Sri Mulyani Indrawati on the pressure on the budget more than clear and straightforward. The former managing director of the World Bank proposed that the government cut spending by Rp133.8 trillion.
Since no objections were raised, Jokowi ordered the ministers to bring about the spendi
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