Indonesia`s Budget Deficit will likely widen to with a range of 2.2%-2.5%of GDP in 2020, Compared with the Govt`s initial plan to keep it around 1.8%, Sri Mulyani Indrawati Said. The new Deficit Forecast had Taken into account the impact of the global spread of coronavirus and the "drastic drop" in oil prices. The Govt has annununted a 10.3 trillion rupiah ($ 716 million) stimulus package to fight the economic impact of the virus outbreak. Indrawati said a second policy package with more tax breaks was designed. ($ 1 = 14,385 rupiah) (Reuters) the fed is under intensifying pressure to tackle the increased risk of a worldwide credit crunch as falling commodity prices combined with the spreading virus to hammer financial markets. Less than a week since the u.s. Central Bank Executed an Emergency Interest-Rate Cut, there is growing fear among investors that a liquidity crunch is emerging in money markets as stocks and bond yields Continue their recent Plunge. A key gauge of banking-sector risk, known as the frag/ois spread, soared to its highst level since 2011, while dollar-swap spreads widesmed, suggesting stresses in u.s. Markets are Becoming Incomasingly Severe. (Bloomberg) on ​​9 Mar 20, The 10-Year Indonesia CDS Jumped by 95bps to 288bps Compared to 6 Mar 20. Meanwhile, the 5-Year Indonesia CDS Also Climbed Significantly by 71bps to 180 bps on 9 mar 20, when on 6 mar 20 The level was 109bps.source: Danareksa Securities Debt Research Photo Bu Aditya Indrajaya