Indonesian president lowers expectations in budget

Indonesian President Joko Widodo lowered economic expectations Friday with a more modest initial growth forecast for next year, as he unveiled a proposed 2016 budget that also highlighted his government's focus on improving infrastructure. Widodo took office in October last year promising to boost Southeast Asia's biggest economy but he has faced criticism for failing to revive growth, which fell to a six-year low of 4.7 percent in the second quarter. In Friday's budget, growth fo