Tempo-Feb 20, 2026

President Prabowo Subianto and his ministers are playing with fire. The array of acrobatic fiscal maneuvers they are performing in an attempt to curb budget deficits stemming from the President’s favorite projects will eventually culminate in major problems.

Scrutiny from several international institutions should have prompted immediate improvements to the nation’s disjointed fiscal management. One such warning came from Moody’s Investors Service, with the ratings agency downgrading Indonesia’s sovereign debt outlook from stable to negative. Read more at: https://en.tempo.co/read/2088148/fiscal-tinkering-time-bomb-ticking First published in Tempo