Indonesian bonds have seen a net outflow of USD 1.1 bln from international investors post-election amid concerns over increased fiscal spending following election promises. This trend contrasts with regional inflows in South Korea and India and a lesser outflow in Thailand. The apprehensions stem from President-elect Prabowo Subianto’s campaign promises, which have raised fears of a potential spending spree, potentially exceeding the country’s 2023 budget deficit, despite his assurances of fiscal prudence.