Indonesia minister says sustained high oil prices could see budget deficit breach mandated limit

AI Summary

Indonesia's finance minister has warned that sustained high oil prices could cause the country's budget deficit to breach its legally mandated limit. The government is also considering additional taxes on nickel, gold, and copper to shore up revenues. The situation reflects the broader fiscal pressures Southeast Asian commodity-rich nations face amid the Middle East energy crisis.

Indonesia could also impose additional taxes on nickel, gold, and copper.