Indonesia's Parliament Approves 2015 Budget

Indonesia's Parliament Approves 2015 Budget

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Interactive Video

Business

University

Hard

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The video discusses the economic growth forecast of 5.8% and rupee expectations at $11,900. Finance Minister Hardy Bastards outlines the budget, which allows flexibility for the next government without setting limits on fuel subsidies. The outgoing government proposed a budget deficit of 2.21% of GDP, excluding reforms by incoming President Joko Widodo, who may revise the budget in January. Analysts suggest that Widodo's limited powers could hinder fuel subsidy cuts, a key issue amid fiscal concerns.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

When is the incoming President Joko Widodo expected to impose a fuel price hike?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the implications of the fuel subsidy cuts mentioned in the text?

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