President Prabowo Subianto

Indonesia implemented a wide-ranging fiscal restructuring programme in 2025 under President Prabowo that focused on expenditure rationalisation, tighter enforcement and recovery of revenue from illegal economic activity, resulting in an estimated fiscal impact of about $30 billion while keeping the fiscal deficit within the statutory 3 percent ceiling and maintaining stable debt levels.

— last modified 15 April 2021 The European took steps on 14 April to ensure that borrowing under the temporary recovery instrument NextGenerationEU will be financed on the most advantageous…

— last modified 17 December 2020 Following the European Parliament’s consent, the EU Council adopted on 17 December the regulation laying down the EU’s multiannual financial framework for 2021-2027.AdvertisementWhy is…

— last modified 11 November 2020 On 10 November, the European Parliament and EU Member States reached a historic agreement on the next long-term budget and NextGenerationEU, the temporary recovery…