‘Perfect storm’ on 2025 state budget


Skyscrapers in Jakarta’s business district — AFP

JAKARTA: The United States’ tariff policy is expected to add stress to an already pressured state budget, taking a toll on state revenues as the government maintains that its costly programmes must go on.

Syafruddin Karimi, an economist at Andalas University (Unand), told The Jakarta Post that ongoing developments spelled “a perfect storm” for this year’s state budget, raising even greater urgency for fiscal discipline to avoid future complications.

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