Macroeconomics

Indonesia Parliamentary Body Approves Higher Spending for Incoming Government

September 17, 2024, 06.45 PM | Source: Reuters
Indonesia Parliamentary Body Approves Higher Spending for Incoming Government

ILUSTRASI. Indonesia's key parliamentary budget committee approved increased spending for the incoming government.

STATE BUDGET - JAKARTA. Indonesia's key parliamentary budget committee approved on Tuesday increased spending for the incoming government of President-elect Prabowo Subianto, who is set to take office next month.

The committee approved a 6% rise in spending to 3,621.31 trillion rupiah ($236.2 billion), versus an estimate of 3,412.2 trillion rupiah in 2024, its chair said.

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