Indonesia's president-elect eyes swift fuel hike to boost budget


  • World
  • Friday, 22 Aug 2014

Indonesian president-elect Joko Widodo speaks to the media at a press briefing in the garden of his home in Jakarta August 21, 2014. REUTERS/Darren Whiteside

JAKARTA (Reuters) - President-elect Joko Widodo will sit down with Indonesia's outgoing leader next week in the hope of reaching an agreement to raise fuel prices before the handover in October, a move that would help ease budget-sapping subsidy costs.

The Constitutional Court on Thursday gave Widodo the green light to lead Southeast Asia's largest economy from its worst slowdown since the global financial crisis.

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