Indonesia's January Budget Figures Raise Concerns About Borrowing Needs

MACROECONOMICS - JAKARTA. A nearly 30% drop in Indonesian government revenues in January, which comes as President Prabowo Subianto implements big spending plans, has raised concerns about fiscal sustainability and a potential jump in borrowing, economists said on Wednesday.

Data released late on Tuesday showed state revenues in Southeast Asia's largest economy fell 28.3% year-on-year to 157.3 trillion rupiah ($9.6 billion) in January.