FISCAL STIMULUS
Selective Santa Claus
Huge funds for fiscal stimulus are disbursed with the risk of skyrocketing budget deficit. They won't save the real sector.
February 3, 2009
IN less than two months, the fiscal stimulus budget jumped to nearly 600 percent. At the end of last year, the government still set the amount in the State Budget at Rp12.5 trillion. Last week, it had been changed to Rp71.3 trillion.
It is hoped that this fantastic change will create 150,000 new job opportunities and that the unemployment rate will also shrink from 8.87 percent in 2008 to 8.34 percent by the end of this year. "The purpose of the f
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