KUALA LUMPUR: Muslims in Malaysia will begin the Ramadan dawn-to-dusk fast on Tuesday (March 12), says the Keeper of the Rulers' Seal.
Prabowo Subianto said he believed Indonesia's economic growth could reach 8 per cent annually within the next four or five years. - PHOTO: REUTERS
"Our trade balance has been positive for the last five years. Our reserves are very healthy although it must be better in coming years,” Prabowo told the audience, comprising ambassadors and the business community."We are determined to maintain this trajectory of prudent and wise management.” The speech Tuesday was the Indonesian leader’s first at a public event since declaring victory after the Feb. 14 election. His remarks can be seen as an attempt to allay investor concern over his policy plans while giving a glimpse of what’s to come under his administration.Concerns have been swirling that Prabowo’s vast spending plans could burden the country’s budget. His spending spree could amount to 460 trillion rupiah , more than the entire 2023 budget deficit.
When asked about the political transition this year, Indrawati said:"It is our responsibility to make sure that we are going to provide a legacy of the budget that is healthy, strong and credible enough so that any new elected government will be able to continue achieving their development goals or political promises that are already announced.”
In an attempt to dispel such concern, Prabowo lauded the importance of democracy at the speech on Tuesday. Indonesia’s democracy, he said, is functioning and shouldn’t be seen as inferior to that in other countries.
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