Indonesia Approves 20% Increase in Defense Spending Through 2024
JAKARTA, Indonesia - Indonesia's outgoing president has approved a 20% increase in defense spending through the end of next year, to upgrade the country's military hardware in response to geopolitical developments, its finance minister said.
In a news conference on Wednesday, Sri Mulyani Indrawati said the approval came in a meeting she attended with President Joko Widodo and Defense Minister Prabowo Subianto.