JAKARTA: Indonesia's President Prabowo Subianto has instructed his government to cut spending by 306.7 trillion rupiah (US$18.8 billion) this year, a finance ministry spokesperson told Reuters on Thursday (Jan 23).
Indonesia search resumes
· 18h · on MSN
Death toll in deadly flooding and landslides in Indonesia rises to 21
Indonesia search resumes after flash flood and landslide leaves 17 dead and 9 missing
Indonesia resumes search for 13 missing after deadly landslide in Central Java
Indonesian rescuers on Wednesday were searching for 13 people missing after a landslide in Central Java province which killed at least 17 people, an official said. Torrential rain in the city of Pekalongan in Central Java province caused a landslide on Tuesday and heavy rain and fog were hindering rescue efforts.
In the first phase, Indonesia gradually reduced KUR interest rates and expanded the pool of recipients, opening doors for MSMEs underserved by financial institutions, increasing the volume of loans, and boosting MSMEs’ confidence in using KUR financing to expand their businesses.
Flash flooding and landslides on Indonesia’s main island of Java have killed at least 21 people and damaged villages and rice fields.
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Indonesia's President Prabowo Subianto has instructed his government to cut spending by 306.7 trillion rupiah ($18.8 billion) this year, a finance ministry spokesperson told Reuters on Thursday. Prabowo has frequently highlighted the need for efficient spending under his administration.
Indonesia's President Prabowo Subianto has instructed his government to cut spending by 306.7 trillion rupiah ($18.8 billion) this year, a finance ministry spokesperson told Reuters on Thursday.
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