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Debt-Driven Economy

Monday, August 4, 2025

Over Rp800 trillion in government debt is due this year. Interest payments alone exceed the national health budget.

arsip tempo : 176828495877.

Minister of Finance Sri Mulyani Indrawati delivers strategic views on fiscal policy, innovative financing, and the role of the financial sector in accelerating national infrastructure development at the International Conference on Infrastructure 2025 in Jakarta, June 12, 2025. Antara/Dhemas Reviyanto. tempo : 176828495877.

IN his 2012 book Indonesia’s Paradox and Its Solution, Prabowo Subianto never once mentioned the name Joseph Schumpeter. Yet by the time he became Indonesia’s eighth president in 2024, Prabowo was putting into practice the ideas of the Austrian-American economist known for championing liberalism in economics.

In his theory of business cycles, Schumpeter argued that a successful entrepreneur relies on innovation and unshakable co

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