Indonesia’s new finance minister said he would not consider easing long-standing fiscal restraints until he could prove that Southeast Asia’s largest economy could grow faster by spending more efficiently.
The $1.3 trillion economy will keep its fiscal guardrails in place to reassure investors while demonstrating it could boost growth, Purbaya Yudhi Sadewa said in an interview with Bloomberg Technoz on Tuesday. “When we have grown faster, then we will see what is right for us,” he said, referring to budget deficit and debt ratio limits.
Indonesia Finance Chief Wants Faster Growth Before Easing Limits
