Author: World Bank

Publisher: The World Bank

Keywords: Banking, Finance, and Investment, Public Policy, Development Economics, Macroeconomics Indonesia, Indonesia Health, Expenditure Analysis Indonesia, Fiscal Space Indonesia, Indonesia Decentralization, East Asia and the Pacific, Public Expenditure Indonesia, Indonesia Infrastructure, Indonesia Education, Public Spending Indonesia, Indonesia Public Financial Management

Abstract:
After almost a decade of successful macroeconomic management and several bold policy decisions, Indonesia is finally in a position of fiscal strength. Since 2006, Indonesia has freed up "fiscal space" of about US$15 billion. Equivalent to around 7 percent of GDP, this is the largest increase in additional fiscal resources since the 1973-74 oil revenue windfall, providing a tremendous window of opportunity for Indonesia to upgrade its public services.

Subjects: Banking, Finance, and Investment; International Economics, Macroeconomics and Economic Growth; Public Policy