INDONESIA PRIORITISES INFRASTRUCTURE IN 2013 BUDGET PROPOSAL

SINGAPORE – In an assessment of Indonesia’s budget proposals for 2013, ANZ says there is a priority on infrastructure spending. “This is evident from the rollout of more than 100 projects (since May 2011) to expand and accelerate infrastructure development across the country, in line with the Government’s medium-term development plan,” ANZ says. “Alongside that 15% increase in investment outlays, a gradual pickup in spending of previously budgeted capital expenditure is also helping.