Rupiah Slumps on Scaled-Back Tax Hike Even as Finance Chief Downplays Deficit: Know More Here
The unexpected decision by President Prabowo Subianto to reduce a tax hike caused the Indonesian rupiah to fall by almost 1%, and the finance minister had to downplay worries about the nation’s financial stability. Finance Minister Sri Mulyani Indrawati stated Thursday at a ceremony commemorating the first day of stock trading in 2025 that the…