Indonesia's Prabowo wants gradual increase in debt-to-GDP, adviser says
Jakarta, Indonesia — Indonesia's President-elect Prabowo Subianto will increase the country's debt-to-GDP ratio level gradually, alongside efforts to boost tax revenues, his top adviser and brother Hashim Djojohadikusumo told a seminar on Monday. The increase may be within a range of 1 to 2 percentage points per year, he said, describing Indonesia's current debt-to-GDP level of under 40% as "underleveraged." Investors and rating agencies are closely monitoring Prabowo's fiscal plans after his... Читать дальше...