So Much Hot Air?

The money spent during the general elections was not as much as previously reported.

April 13, 2004

THE story about the huge amounts of money that would flow from political parties to their supporters was just hype. Data from Bank Indonesia (BI) showed that the news on additional money in circulation was exaggerated. Before the general elections started in the middle of March, many parties, including BI, predicted that there would be huge flows of funds from the parties to the people. Economist Chatib Basri, for example, estimated that it w

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