Economics
Jokowi Orders Spending Curbs to Focus Budget on Virus Relief
- Finance minister warns of zero GDP growth if pandemic worsens
- Currency has plunged to lowest since Asian financial crisis
A member of the Indonesian Red Cross Society sprays disinfectant at a school in Jakarta, on March 20.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
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Indonesian President Joko Widodo ordered spending cuts across the public service so that expenditure can be reallocated to fight the coronavirus, which officials say could bring growth down to zero in Southeast Asia’s biggest economy if the pandemic worsens.