Economy Growing at Fast Pace With Massive Room For Growth as Indonesia Unveils Budget Cuts

Indonesia aims to tighten deficit in 2013 budget

AFP

Indonesia’s president vowed Thursday to slash the nation’s budget deficit to 1.6 percent in 2013, unveiling a draft spending plan to maintain the economy’s resilience to uncertain global conditions. In a speech to parliament, Yudhoyono pledged to rein in the budget deficit from 2.23 percent expected. | Democracy, elections and voting at Democracy Chronicles