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New Government Set to Challenge Financial Markets

Monday, July 15, 2024

Prabowo is challenging the markets by showing his intention to increase government debt. Investors must be ready to face volatile markets.

arsip tempo : 173485709225.

Ilustration: Lukmannul Hakim. tempo : 173485709225.

INVESTORS should brace themselves. Indonesia’s financial markets may hit serious turbulence next year, with the epicenter likely being the government bond market. President-elect Prabowo Subianto is resolute in his determination to challenge the market once in office. He plans a substantial increase in government debt to fund his campaign promises.

Prabowo opposes the conventional wisdom that prudent fiscal management is crucial for mainta

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Yopie Hidayat

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