JAKARTA -- Indonesia's incoming president, Prabowo Subianto, is expecting to shrink the government's budget deficit next year despite a significant increase in spending to fund his flagship free meal program, outgoing leader Joko "Jokowi" Widodo announced on Friday.
Economy
Indonesia forecasts smaller budget deficit of 2.53% of GDP in 2025
Contraction despite 9% rise in expenditure to fund Prabowo's policies
Outgoing Indonesian President Joko 'Jokowi' Widodo speaking to parliament on Friday, a day before the nation's Independence Day celebrations. © Reuters
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