Shifting the Budget Leftovers
The government is aggressively tapping budget surpluses to intervene in the economy. The fiscal cushion is thinning.
Han Revanda Putra
April 27, 2026
NEWS that the Financial Services Authority (OJK) plans to push banks to channel credit into the government’s priority programs has reached international credit rating agency Fitch Ratings. According to George Xu, Fitch’s Director of Asia-Pacific Sovereign Ratings, the provision outlined in the appendix of the OJK’s draft regulation on commercial banks’ business plans aligns with broader policies aimed at boosting economic
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