Indrawati Stays as Finance Minister in New Indonesia Cabinet

-- Indonesia’s new President Prabowo Subianto unveiled his cabinet just hours after taking the oath on Sunday, with Sri Mulyani Indrawati staying on as finance minister in a sign of policy continuity in Southeast Asia’s largest economy.One City’s Plan to Re-Link a Neighborhood That Robert Moses Divided

Reappointing Indrawati, who has served two other presidents in the past 20 years, could bolster investor confidence in Indonesia’s fiscal outlook in the face of Prabowo’s ambitious spending plans, which include an almost $30 billion free lunch program for school children. Her inclusion together with several key faces from the previous cabinet suggests Prabowo is consolidating his hold over Indonesia’s political and government elites.

Although some ministerial decoupling is intended to focus oversight on priority issues, there are concerns that the enlarged cabinet could bring more red tape, foster patronage politics and boost spending on government servant salaries. In his earlier speech as president, Prabowo urged his government against being “too complacent” about an economy that’s grown roughly 5% annually in the last decade. He is aiming to bring that to 8% during his five-year term.

Wolves were on the end of another dramatic VAR decision after John Stones’ last-gasp header was allowed to stand at Molineux, giving City a 2-1 win.Horror movies topped the domestic box office charts and an Oscar contender got off to a sparkling start this weekend. “Smile 2,” in its first weekend, and “Terrifier 3” in its second proved to be the big draws for general movie audiences in North America, while the Palme d’Or winner“Anora” got the best per-theater average in over a year.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Macron Appoints Armand as France’s New Finance Minister(Bloomberg) -- French President Emmanuel Macron appointed Antoine Armand as finance minister, thrusting a 33-year-old with limited political experience into ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Nova Scotia Deficit Forecast Increases, Finance Minister Expresses ConcernFinance Minister Allan MacMaster announced an increased deficit forecast of $654 million for the 2024-25 fiscal year in Nova Scotia, citing higher department spending and slowing tax revenue. This marks a concerning trend as projected revenues are expected to be $70 million less than anticipated.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

China's finance minister says there is room for more economic stimulus but offers no planBEIJING (AP) — The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo'an said Saturday, but he stopped short of...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Focus Ontario: Finance minister on alcohol liberalization and Doug Ford’s tunnel'Focus Ontario,' Global News' weekly Ontario politics show, returns ahead of the legislature's fall sitting. The finance minister is the show's first guest.
Source: GlobalCalgary - 🏆 50. / 61 Read more »

China's Former Finance Minister Acknowledges Crypto Potential, Sparking Policy Shift SpeculationThe recent statement from China's former finance minister acknowledging the importance of cryptocurrencies for the digital economy has ignited speculation about a potential shift in the country’s stringent stance on Bitcoin and other digital assets. This comes after years of harsh regulations that led to a significant decline in crypto activities within China.
Source: CryptoAmb - 🏆 22. / 68 Read more »

China Finance Minister Plans Briefing as Investors Seek Stimulus(Bloomberg) -- China announced it would hold a briefing on fiscal policy on Saturday as investors look for additional measures to stimulate the world’s No. 2...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »