@natixis @NatixisResearch Indonesia just issued decree to widen DEFICIT due to low revenue. This is something we flagged in the TV interview & also radio today that Indonesia has a FINANCING GAP & it needs to plug that if it wants to do infrastructure-led growth.
How to do so? Attracting FDI, esp manu👈🏻!
How to do so? Attracting FDI, esp manu👈🏻!
@natixis @NatixisResearch The finance minister Indrawati says:
Indonesia FACING HUGE PRESSURE ON REVENUE.
Of course. We knew this. I told u. Pay attention to the revenue ratio. The math equation does not hold if ur revenue ratio falls & your fiscal defict target narrows then ur expenditure cannot RISE!
Indonesia FACING HUGE PRESSURE ON REVENUE.
Of course. We knew this. I told u. Pay attention to the revenue ratio. The math equation does not hold if ur revenue ratio falls & your fiscal defict target narrows then ur expenditure cannot RISE!
@natixis @NatixisResearch We @NatixisResearch @natixis wrote this report in August on why Bank Indonesia needs to cut rates:
LIMITED FISCAL SPACE + AMBITIOUS INFRASTRUCTURE PLAN = MONETARY SUPPORT
That argument remains true today as Indonesia struggles w/ the financing gap. FDI is the solution.
👇🏻👇🏻👇🏻
LIMITED FISCAL SPACE + AMBITIOUS INFRASTRUCTURE PLAN = MONETARY SUPPORT
That argument remains true today as Indonesia struggles w/ the financing gap. FDI is the solution.
👇🏻👇🏻👇🏻
