Weekly Business

Payment to BI Postponed

The government will postpone its installment payments on the principal and interests of the government promissory notes to Bank Indonesia (BI) that will mature in 2005. The postponement was proposed by the government because it may increase the budget deficit to Rp16.6 trillion. The proposal has been accepted by the House of Representatives Commission on Finance and Banking. Chairman of the Finance Commission, Emir Moeis sa

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