Stock Photo: Indonesia Needs Private Funding On 70 Percent Of Infrastructure
ID 48386834 © Garudeya | Megapixl.com
The construction of Trans Java Super Highway project in Boyolali, Java, Indonesia. Indonesia’s government said it can only directly fund 30 percent of its infrastructure program for the next five years, and is relying on state-owned enterprises and private investors for the rest. After freeing up budget funds by cutting fuel subsidies, Indonesia is planning to boost spending on ports, roads and other works this year to achieve an economic growth target of 5.8 percent. The government plans infrastructure spending of 281.1 trillion rupiah ($23 billion) in its revised 2015 budget, which needs to be approved by parliament.
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