Indonesian President Prabowo urges budget reform, deregulation to spur economic growth


- Photo: Bloomberg file

JAKARTA: Indonesian President Prabowo Subianto has called for reforms in state revenues, stricter control of the budget deficit, and focused spending on priority sectors, aiming to make the state budget a driving force for economic growth, a minister said in a statement issued on Wednesday (July 23).

In a fiscal policy meeting held at the State Palace that concluded on Tuesday night, Prabowo emphasised the need for deregulatory measures to foster a conducive business climate and promote sustainable economic growth, according to Finance Minister Sri Mulyani Indrawati.

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