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Danantara to Remit $6.8 Billion to Prop Up Indonesia Budget
Source: Bloomberg
Fiscal Policy & BudgetSovereign Debt & RatingsBanking & Liquidity
Indonesia’s sovereign wealth fund Danantara will remit 120 trillion rupiah (about $6.8B) from its profits to the government this year to support the state budget, per the finance minister. The transfer is a tangible fiscal backstop and may improve funding optics for sovereign needs, though it’s not a policy-rate move.
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