JAKARTA — U.S. tariffs and global market turmoil could derail Indonesian President Prabowo Subianto’s expansive spending plans. While experts see Indonesia’s fiscal position as stable, global pressures could find the government forced to trim spending or issue debt.
The U.S.-China trade truce last week also offers a breather and the Indonesian government has talked up the chances of reaching its own deal. But uncertainties linger, with global bond markets bruised by U.S. President Donald Trump’s inflationary trade policies.
