Indonesia’s President Prabowo Subianto has unveiled an ambitious draft budget for 2026 that seeks to boost growth and expand social spending while maintaining financial discipline, but economists caution the plan may be based on optimistic revenue projections and risks undercutting social safety nets.
On Friday, Prabowo announced a gross domestic product (GDP) growth target of 5.4 per cent under the draft budget. Total spending is projected to reach 3.79 quadrillion rupiah (US$233.92 billion), a…
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