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Indonesia Unveils $18.9 Billion Austerity Plan Amid Criticism

2/12/2025

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Summary

Story summary

Indonesia's Finance Minister Sri Mulyani Indrawati unveiled a bold budget austerity plan at the Mandiri Investment Forum, aiming to slash Rp 306.69 trillion ($18.9 billion) from ministries to bolster social programs. However, critics, including the Centre for Budget Analysis, are raising alarms about potential risks to vital services and the economy, calling for greater transparency in the process.

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Story summary

Indonesia's Finance Minister Sri Mulyani Indrawati unveiled a bold budget austerity plan at the Mandiri Investment Forum, aiming to slash Rp 306.69 trillion ($18.9 billion) from ministries to bolster social programs. However, critics, including the Centre for Budget Analysis, are raising alarms about potential risks to vital services and the economy, calling for greater transparency in the process.