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Closing Indonesia’s infrastructure gap : the key role of fiscal policy reforms (anglais)

Indonesia has established a strong track record of overall public borrowing restraint and enjoys a low debt burden with minimal risks of debt distress. Its clear fiscal rules have underpinned this success. However, historically, the fiscal rules have not been costless, and they do not operate in a vacuum. Rather, they have interacted with politicized budget assumptions, volatile energy subsidy spending and volatile resource-related revenues, to make...
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