Iran tensions
Prabowo calls for reduced oil consumption amid soaring crude prices
A congested road in central Jakarta. Indonesia heavily subsidizes retail fuel prices. (Photo by Yuki Kohara)
ISMI DAMAYANTI and REZHA HADYAN
JAKARTA — Indonesia is preparing a COVID-19-era regulation likely to relax the country’s fiscal deficit ceiling amid concerns of potentially rising government spending due to soaring oil prices, the country’s chief economic minister said on Friday.
