Indonesia has set a 5.2 % GDP growth target for this year, up from the 5.03 percent it achieved last year. But, President Prabowo Subianto wants to increase the rate of growth to 8 % by 2029.
The US taxes will have a minimal impact on Indonesia’s economy, which depends more on the home market, according to Indonesia’s authorities.
According to Indonesian authorities data, the US was its third-largest export location as of last year, receiving shipments for US$ 26. 3 billion.
Sri Mulyani predicted that Indonesia would use the 90-day tax pause to create a framework of cooperation that other nations do “mutually respect.”  ,
” We have to be very careful going forward.” Spending may be made more cost-effective, targeted, and effective in promoting economic growth.
She claimed that the new pressure on the pound currency, which is at an all-time low, was temporary, and that the government remained focused on factors like business debt and government debt-to-GDP.  ,
LSEG data shows that the ringgit increased by 0.83 percent to 16 720 ringgit per US dollar as of 5.12am GMT on Thursday, after hitting an all-time low for the first two weeks flat since the industry reopened on Tuesday.  ,