INDONESIAN stocks slid to an eight-month low on Monday, while the rupiah neared the 17,000-per-dollar mark, as investors feared that the net oil importer could breach its budget deficit limit due to the Middle East war.
President Prabowo Subianto, in an interview with Bloomberg News on Sunday, said he would approve a short-term increase in the budget deficit beyond the 3% legal ceiling if oil prices stayed elevated for a sustained period.
