Big and Neglected Risks of Subsidy
When the interest rates climb high and global liquidity dries up, additional debt could create a massive burden for many years to come.
Yopie Hidayat
May 22, 2022
THIS is how the Indonesian government intends to overcome inflation. It will not raise prices on various energy prices. Though the budget for subsidies and compensations will blow up massively, the government has made up its mind.
On Thursday, March 19, the government and the House of Representatives' (DPR) Budget Committee agreed on increasing the budget for subsidies and energy compensations by Rp349.9 trillion. The total am
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