Indonesia to Front-Load Stimulus Next Year, Minister Says

Dec. 11, 2019, 6:01 AM

Indonesia will ramp up its fiscal stimulus in the first quarter of next year to support growth amid a global slowdown, the country’s economy minister said.

All ministries will be “encouraged to spend early,” Coordinating Minister for the Economy Airlangga Hartarto said in an interview Tuesday in Jakarta, his first with foreign media since taking the post in October. “We will really try to push it in the beginning of the year.”

Airlangga Hartarto
Photographer: Akio Kon/Bloomberg

President Joko Widodo already announced plans in August to boost spending to a record 2,540.4 trillion rupiah ($181 billion) next year, but the stimulus plan reflects a ...

To read the full article log in. To learn more about a subscription click here.