The Debt Circus is Still in Town

Rocketing BBM subsidies drove 2003 deficits up. To compensate, the government is yet again issuing promissory notes.

September 9, 2003

YEAR 2004 will not be easier, on this it seems everyone agrees. The ending of the cooperation with the International Monetary Fund (IMF) is only one of a series of causes. The others, declining investments, weakening competitive power, recurring bomb explosions, and a general election which some people are worried will not only trigger conflicts, but also cost a lot of money. In brief, Indonesia will face a tough trial next year, both politic

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