Bambang Brodjonegoro

Minister: New ministries have budget allocation

REPUBLIKA.CO.ID, JAKARTA -- Finance Minister Bambang Brodjonegoro has said new ministries formed by President Joko Widodo will get operational budget to carry out their programs.One of the ministries to benefit from operational budget allocation is the office of the coordinating minister for maritime affairs for which no budget allocation has been set aside in the Revised 2014 State Budget.The...

Supporters celebrate Jokowi's inauguration (illustration)

Observer: Economy remains stagnant before cabinet announcement

REPUBLIKA.CO.ID, KUPANG -- An economist from Widya Mandira University, Thomas Ola Langoday, believes the market will remain stagnant before the announcement of the new president's cabinet, which is scheduled for Sunday.Unlike before, when political wrangling occurred prior to the announcement of a new cabinet, which causes uncertainty due to the absence of ministers, markets are often nervous and marked...