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Indonesia’s next leader targets energy subsidies in first move

Bloomberg
Bloomberg • 3 min read
Indonesia’s next leader targets energy subsidies in first move
Prabowo Subianto. Photo: Dimas Ardian/Bloomberg
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Prabowo Subianto, poised to become Indonesia’s next president, took aim at energy subsidies to fund some of his campaign pledges in his first policy proposal.

The ex-general, who on Wednesday claimed victory after securing nearly 60% of votes in unofficial quick counts, could also invite his rival candidates and parties to join his government as he seeks to consolidate power to push ahead with his policies, Eddy Soeparno, vice-chairman of his campaign team, said in a Bloomberg Television interview with Haslinda Amin.

Prabowo’s government could fine-tune energy subsidies over the next two to three months after taking office in October, Soeparno said on Thursday. About 80% of the 350 trillion rupiah ($30.17 billion) the government spends to subsidize diesel and cooking gas mainly benefit middle- and higher-income Indonesians, he said.

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