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Minister: Indonesia to Change Fuel Subsidies by End of Year

Indonesia's new government will make changes to its costly gasoline and diesel subsidies before the end of the year, the country's chief economics minister said on Thursday. Although a highly unpopular step, Indonesia's new minority coalition government has to urgently address Indonesia's biggest fiscal problem - a $23 billion fuel subsidy bill. The subsidy regime is the main factor behind the budget and current account deficits weighing on Southeast Asia's largest...

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