Prabowo’s Populist Budget Raises Doubts Over Revenue Goals

The article discusses concerns over Indonesia's budget deficit target for the next year, under the leadership of President Prabowo Subianto. Analysts have raised doubts about the government's ability to achieve its revenue goals, citing Prabowo's populist spending promises and the lack of plans for new tax measures. The article notes that Prabowo's administration has made commitments to increase social spending, including higher subsidies and welfare programs. However, these promises are expected to put pressure on the government's budget, potentially leading to a wider deficit than the targeted figure. Furthermore, the article highlights the absence of any plans for new tax measures, which could have helped offset the increased spending. This lack of revenue-generating initiatives has further fueled concerns about the sustainability of the government's fiscal policies. The article suggests that the combination of populist spending and the absence of new tax measures could pose challenges for Indonesia in meeting its budget deficit targets for the upcoming year.