Indonesia is trying to engineer a Ramadan spending boost, rolling out transport fare cuts and food handouts to shore up consumption during its busiest shopping season, but economists question how far the temporary support can go in lifting growth.
The 12.83 trillion rupiah (US$762 million) stimulus package unveiled ahead of the Muslim fasting month, which culminates in Eid ul-Fitr, is meant to keep people travelling and shopping despite rising food prices and softer purchasing power.
In a…
Will Indonesia’s US$762 million Ramadan stimulus be a ‘positive’ boost for the economy?
