Indonesia Proposes 2027 Budget and Plans State-Owned Enterprise Closures
Indonesia's President has proposed a US$230 billion budget for 2027, targeting a deficit of 2.4% of GDP, with miners and EV makers positioned as beneficiaries. Concurrently, the President also suggested liquidating hundreds of unproductive state-owned enterprises to streamline the economy.
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Indonesia’s 2027 Budget Positions Miners, EV Makers as Winners
Miners, electric vehicle manufacturers, and battery producers are set to win big under Indonesia’s state budget next year, analysts said. The gains will be driven by President Prabowo Subianto’s push to boost the commodity sector and slash reliance on costly imported fossil fuels.
By Prima Wirayani and Benjamin Liu
Read full article →Prabowo proposes US$230 billion budget for 2027; targets deficit at 2.4% of GDP
President Prabowo Subianto also announced that the government was planning to revise its citizenship law to allow some Indonesians to hold dual nationality for the first time.
Read full article →Indonesia to shut over 750 state-owned firms — President
Indonesia’s President Prabowo Subianto announces plans to close over 750 state-owned firms by year-end, aiming for massive corporate restructuring and cost Read More: https://punchng.com/indonesia-to-shut-over-750-state-owned-firms-president/
By Punch Newspapers
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