2019 State Budget Indonesia: Realistic & Rising Focus on Social Spending
There are a couple of interesting points when studying the government's proposed 2019 State Budget (that was unveiled by Indonesian President Joko Widodo on 16 August 2018). Firstly, and this is a usual phenomenon when legislative and presidential elections are around the corner, the proposed budget is characterized by a high degree of "populism". Secondly, the macroeconomic assumptions of the government seem much more realistic than usual.