McKinsey has tipped Indonesia to reach Group of Seven status, having one of the world's largest economies, by 2030. With his new budget, the first since winning a second term in May, President Joko Widodo offered his boldest vision for getting there.
In his first five years running Southeast Asia's biggest economy, with its gross domestic product of $1 trillion in 2018, Widodo, known as "Jokowi," scored some vital reform wins. He accelerated efforts to upgrade ports, bridges, roads and power grids. He also implemented a tax amnesty, prodding tycoons to repatriate funds to invest at home.