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Economics

Indonesia’s President Vows Tougher Economic Reforms After Clearing Elections

  • Boosting exports to tackle current account gap a top priority
  • Jokowi set to be re-elected as president for second term
Joko Widodo
Joko WidodoPhotographer: Dimas Ardian/Bloomberg

Indonesian President Joko Widodo plans to roll out tougher economic reforms, with the burden of elections no longer weighing him down.

The focus will now be on tackling a high current-account deficit that’s weighed on the nation’s currency, shutting redundant government agencies and scrapping rules that hinder new investment, Widodo, who is poised to win a second five-year term in elections held last month, told an annual gathering of policy makers in Jakarta.