The Minimalist Budget Guardian

IN the last days of 2004, indicators such as inflation, exchange, or interest rates are not far from target. In short, it is hard to detect any disturbances to Indonesia’s macro-economic health despite the fact that the country was predicted to fall into a fiscal disaster this year: when the State Budget expanded uncontrollably because state coffers were depleted to settle debt installments.

State debts maturing this year were no less than

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