Govt moves to curb economic leakage, save budget: Prabowo
Jakarta, July 24 -- President Prabowo Subianto pledged to take firm action to stop the annual leakage of national wealth, aiming to ensure public budget efficiency and fund critical infrastructure projects across the country.
Speaking at the 28th anniversary event of the National Awakening Party (PKB) in Jakarta on Thursday (July 23), Prabowo cited independent economic analyses pointing to Indonesia's high Incremental Capital Output Ratio (ICOR)-an indicator measuring investment efficiency.
"What does inefficient mean? It means a lot of wealth is leaking," Prabowo told attendees, noting Indonesia's ICOR score sat at 6.50 in 2024 before nudging slightly to 6.24 in 2025.
Explaining the figures, the President noted that spending US$6.24 t...
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