Prabowo Adviser Denies Plans to Raise Indonesia's Debt to 50% of GDP

PRABOWO SUBIANTO - JAKARTA. Indonesia's President-elect Prabowo Subianto has no plans to boost the country's public debt to 50% of gross domestic product (GDP), a senior aide said on Saturday, denying a report that had hit the nation's currency and bond markets.

Thomas Djiwandono, who leads fiscal discussions between Prabowo's economic team and the outgoing government's finance ministry, told Reuters that Prabowo had not set any target for debt levels and would adhere to legal limits on fiscal metrics.