Indonesia’s Prabowo Targets Narrower Deficit While Touting Social Spending

Indonesian President Prabowo Subianto on Friday laid out his vision for how he will lead Southeast Asia’s biggest economy, seeking to wield an aggressive use of state power for populist goals while pledging to keep in place financial guardrails.

Across two major speeches Friday, the former general stressed he’ll unapologetically use the power of the state to crush corruption and utilize its natural resources, while pursuing welfare programs in his $234 billion budget that he believes are key to driving economic growth.