Rupiah Slumps on Scaled-Back Tax Hike Even as Finance Chief Downplays Deficit

By Yahoo! Finance   |   2 days ago
Rupiah Slumps on Scaled-Back Tax Hike Even as Finance Chief Downplays Deficit

Indonesia's rupiah weakened after President Prabowo Subianto reduced a proposed tax hike. Finance Minister Sri Mulyani Indrawati reassured about the country's fiscal health, expecting a lower 2024 budget deficit due to improved revenues.

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