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Indonesia's New President Discusses Budget With Predecessor

Indonesia's president-elect Joko Widodo discussed the national budget with the outgoing leader in Bali late on Wednesday, indicating the two administrations will cooperate in tackling massive fuel subsidies before the handover of power in October. The former OPEC member is struggling to contain ballooning fuel subsidy costs, which have widened the current account deficit and left little room in the budget for Widodo's much needed reforms. Raising fuel prices is a sensitive...

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