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Indonesia's Prabowo targets growth spurt with big projects
Indonesia's Prabowo targets growth spurt with big projects
Business and Economy
by  AFP

Indonesian President Joko Widodo leaves office Sunday with high approval ratings thanks to strong economic growth, but his successor Prabowo Subianto has bigger ambitions, including an eye-catching $28 billion free meal plan for students. His big campaign pledge is a $28 billion plan to supply tens of millions of schoolchildren and pregnant women nationwide with free meals.

US budget deficit widens to $1.8 tn, third highest on record
US budget deficit widens to $1.8 tn, third highest on record
Business and Economy
by  AFP

The United States on Friday reported a budget deficit of $1.8 trillion for the past year, widening from 2023's level on greater spending, including for interest on the public debt. In the latest fiscal year, there was a near 30 percent rise in spending on interest on the public debt, largely due to higher interest rates, the Treasury noted.