The country looks likely to reduce domestic bond issuance this year on the back of a smaller budget deficit and the government’s undershooting on expenditure dispersal, according to Barclays Capital.

Indonesia looks set to raise Rp200.6 trillion (US$22.1 billion) though local and foreign debt markets this year to fund an estimated Rp124.7 trillion budget deficit, about 1.8% of its gross domestic product (GDP)…

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