The Poor Budget

With little left to finance the deficit, there is no other way but for the government to revise the 2001 state budget and cut spending.

April 10, 2001

It’s only a matter of days before the leadership crisis at the top comes to a head. Ironically, the nation should mentally prepare itself not only for the worst case scenario in politics, but also for yet another big, hard blow on the Indonesian economy. For the 2001 state budget will see a further deficit in the second quarter of the year, to the tune of Rp60 trillion. At so high a deficit level, the 2001 state budget will not only lose

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