Indonesia to inject US$12.14bil into economy to spur growth


Indonesia’s newly appointed Finance Minister Purbaya Yudhi Sadewa said policy “mistakes” have been made. - Photo: AFP

JAKARTA: Indonesia plans to inject about 200 trillion rupiah (US$12.14 billion) into the economy to help boost growth, according to its newly appointed finance minister.

The government will take some of the 400 trillion rupiah in cash reserves it has with the central bank and return it to the system, including by placing the funds with state-owned banks for lending, Finance Minister Purbaya Yudhi Sadewa told lawmakers in a hearing on Wednesday (Sept 10).

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Indonesia , inject , US$12.14bil , economy , spur growth

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