Indonesia highlights fiscal credibility to attract foreign investors
Jakarta, Oct. 14 -- Finance Minister Suahasil Nazara has highlighted Indonesia's fiscal credibility as a key factor in attracting foreign investment.
Speaking at an investor meeting hosted by Deutsche Bank in Bangkok, Thailand, on Tuesday, Suahasil emphasized the government's commitment to keeping the state budget deficit below 3 percent of gross domestic product (GDP) while continuing to prioritize national development needs.
"Fiscal policy must be able to respond to various pressures, from geopolitics and trade to market volatility and domestic prices, without eroding our fiscal buffers for the future," Suahasil said in a press release issued on Wednesday.
He added that the Indonesian government views investment as a key driver of lo...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.