Indonesian Democrat

Ferguson, Tim W.
November 2005
Forbes Asia;11/28/2005, Vol. 1 Issue 8, p24
The article focuses on the challenges facing Indonesian President Susilo Bambang Yudhoyono in integrating democracy into the economic development of the country. He reduced fuel subsidies in October 2005, boosting street prices 125 percent as part of an initiative to reduce demand for and smuggling of mispriced oil. Critics of the president blame the specifics of his plans to channel the proceeds from higher gasoline prices into economic-relief measures. According to Yudhoyono, he had been visiting the tax office and parliamentarians to push for lower top rates and a broader tax base.


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