Jakarta to Issue Rp 3.5 Trillion Regional Bonds to Ease Fiscal Pressure
Economy

Jakarta to Issue Rp 3.5 Trillion Regional Bonds to Ease Fiscal Pressure

The Jakarta provincial government plans to issue regional bonds worth Rp 3.5 trillion to alleviate fiscal pressure following significant cuts to central government transfers. This marks a potential first for Indonesian provinces, with the government guaranteeing yield payments from the regional budget.

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