Top of most bankers’ lists for likely borrowers in the near future is Indonesia, which on January 20 announced an increase in the state budget deficit from 1% to 2.5% of GDP. The local press reported finance minister Sri Mulyani as saying that the deficit could be covered by unspent funds from the previous year’s budget. However, several debt bankers confirmed to Euromoney that they had heard strong indications of a bond from Indonesia within the next few months.
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