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Economy

Indonesia may hike infrastructure spending 17%

Southeast Asian nation looks to attract manufacturers

Indonesia will develop its infrastructure with support from a boost in tax revenue.

JAKARTA -- Indonesia is set to expand its budget for infrastructure outlays in fiscal 2018, with government proposals outlining a jump of as much as 17%, as part of a plan to attract more businesses to the Southeast Asian nation.

The government aims to eliminate obstacles such as a lack of roads and electricity that have kept companies from entering the Indonesian market.

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