Indonesia's Prabowo will stick to approved 2025 budget spending, aide says

FILE PHOTO: Indonesian President-elect Prabowo Subianto attends a meeting with Russian President Vladimir Putin at the Kremlin in Moscow, Russia July 31, 2024. REUTERS/Maxim Shemetov/Pool/File Photo

JAKARTA (Reuters) - Indonesia's President-elect Prabowo Subianto will keep to budget spending levels already approved for 2025, a senior member of his incoming administration told Reuters, after worries about the leader's fiscal prudence unsettled investors.

The approved plans can fund two key election pledges, boosting food output and free school meals, "within principles of fiscal prudence", said Thomas Djiwandono, who was appointed deputy finance minister in July to oversee the 2025 budget.