Fuel Subsidies and Budget Deficits
June 12, 2001
Muhammad Chatib Basri*)
| Two weeks ago, we read in the media a statement by Coordinating Minister for the Economy Rizal Ramli about the state of the Indonesian economy. Ramli referred to two issues—the falling value of the rupiah and the rising rate of interest—that the nation has to deal with. He mentioned several indicators to show that the Indonesian economy is improving, but that is not enough to put us at ease. We ar |