While speaking at a banking conference on Wednesday, Indonesian Vice Finance Minister Suahasil Nazara said that his government will continue to support economic growth momentum using the state budget, per Reuters.
Additional Quotes:
Indonesia’s economic growth at 5.02% in the July-September quarter “should provide optimism because many other countries are slowing more severely”.
“We will use the state budget to manage and maintain economic growth momentum.”
“At a time of slowdown like now, we use the state budget as our support.”
This comes a day after Southeast Asia’s largest economy grew at the slowest pace in over two years.
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