Why Indonesia needs to prioritize capital budgets to meet its development goals
Prior to 2020 when the COVID-19 pandemic hit, Indonesia’s economy had shown relatively strong growth over the last couple years, averaging at around 5 percent year-on-year. Infrastructure investment is one high potential area Indonesia can further support growth and reduce inequality. Underinvestment in this sector has left the country with a large infrastructure gap that needs additional financing – as much as 3-4% of GDP in capital investments.
While the central government aims to increase the target of their average capital budget expenditure contribution to 1.7-2.3% of GDP each year throughout FY 2020-24, two key constraints remain. First, limited fiscal space constrains the allocation of sufficient funds. Second, public financial management challenges may prevent more efficient capital budget execution. While the former may reflect the government’s ability to perform its income-generating
Victor Altamirano (8-1) vs. Nate Smith (6-1)
The Legacy Fighting Alliance celebrates its 100th show on Friday evening. The top UFC feeder league has provided countless prospects to the big show, and flyweight headliners Victor Altamirano and Nate Smith hope to add their names to that list in the near future.
Mexico’s Altamirano has been a fixture in the LFA since even before his 2017 pro debut. The 30-year-old actually made one of his amateur appearances at the very first LFA show. As a pro, his only loss came in his one venture outside of the LFA. Altamirano fought top strawweight and UFC veteran Jarred Brooks in a 2019 flyweight affair under the Warrior Xtreme Cagefighting banner and suffered a submission loss via rear-naked choke. The loss to Brooks snapped a six-fight winning streak, but “El Magnifico” returned to his winning ways with two more victories inside the LFA. He most recently tapped Lloyd McKinney at LFA 95. His fight with Smith comes on short notice, as he was