Indonesia Finance Chief Defends Stimulus Amid Deficit Concerns

Indonesian Finance Minister Purbaya Yudhi Sadewa recently took office following the dismissal of his predecessor. Amid concerns over the country's fiscal deficit, Sadewa has defended plans to substantially stimulate the Indonesian economy. The new finance minister emphasized the need to prioritize economic growth and recovery, even if it means temporarily increasing the budget deficit. He argued that the stimulus measures are necessary to support businesses and boost consumer spending, which have been impacted by the COVID-19 pandemic. Sadewa acknowledged the importance of maintaining fiscal discipline, but stated that the government's primary focus is on ensuring a robust economic rebound. He expressed confidence in the government's ability to manage the deficit and restore fiscal stability in the long run. The article highlights the delicate balance the Indonesian government must strike between addressing immediate economic challenges and preserving the country's fiscal health. Sadewa's stance reflects the government's determination to prioritize economic recovery through targeted stimulus measures.