This policy is part of the government's efforts to reduce public expenditure. The measure is outlined in the Ministry of Finance’s budget standards for the 2026 fiscal year.

Indonesia's economy, the largest in Southeast Asia, expanded 5.11% in the first quarter of this year as compared to the figure of 5.04% recorded in the same time last year, and economists’ expectation of 5%.

The Thai Ministry of Finance will carefully analyse the country’s economic figures thoroughly as Thailand prepares to ramp up government spending in the new budget to kickstart its faltering economy.

Cambodia’s National Assembly (NA) on November 25 approved the draft budget of 8.5 billion USD for the government spending in 2022, a rise of 8.4 percent over that of 2021.

Indonesia posted an economic growth rate of 5.02 percent in 2019, the lowest since 2015, Statistics Indonesia (BPS) announced on February 5.

The Asian Development Bank (ADB) has approved a 500 million USD policy-based loan to support Indonesia’s fiscal and public expenditure management reforms and improve the quality of government spending on health, education, social protection, and infrastructure.

The central bank of the Philippines (BSP) on August 8 cut its benchmark interest rate and kept the door open for further easing to buttress the flagging economy.

Malaysia’s Prime Minister Mahathir Mohamad has announced that his administration is taking various approaches to reduce the national debt from 1 trillion RM (251.2 billion USD) to 800 billion RM.

The Philippine economy grew by 6.8 percent in the first quarter of 2018, faster than the growth recorded in the same quarter of 2017, the Philippine Statistics Authority (PSA) reported on May 10.

Cambodia’s economic growth is expected to reach about 6.9 percent this year, according to a report recently released by the World Bank (WB).

The Bank Indonesia (BI) has forecast that economic growth in the fourth quarter of this year will reach 5.3-5.4 percent, higher than 5-5.1 percent from the previous quarter.

The Finance Ministry of Thailand has said the country’s economy will grow 3.6 percent this year as forecast earlier.

The Singaporean Government’s spending in fiscal year 2016 will rise to a record high of 73.4 billion SGD (53.6 billion USD), up 7.3 percent from the previous year.

The National Assembly of Cambodia passed a state budget of 4.6 billion USD for 2016, in which funds for education, healthcare, and defence will be increased.