Oil and debt warnings

The World Bank trimmed Indonesia’s growth outlook citing higher oil prices linked to the Middle East conflict. (en.tempo.co) At the same time, S&P kept Indonesia at BBB but warned that the country’s interest‑to‑revenue ratio exceeds 15%, flagging debt‑servicing strain. (heygotrade.com) That combination of oil vulnerability and rising fiscal metrics is being highlighted in market commentary as a constraint on expensive public spending decisions. (heygotrade.com)