Arnoldus Kristianus, Jakarta – The Finance Ministry reported a budget deficit of Rp 77.3 trillion, or 0.34 percent of GDP, in the first half of 2024.

Jakarta – Indonesia's budget deficit this year is estimated at 2.7 per cent of gross domestic product, higher than the government's 2.29 per cent target, as state spending is expected t

Antara, Jakarta – Indonesia's Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan said the budget for the Nusantara Capital City (IKN) project and Prabowo'

Thomas E Harefa, Jakarta – Indonesia is still far from being halfway through its tax revenue target as the populous country has only collected Rp 760.38 trillion (about $46.3 billion) s

Han Revanda Putra, Jakarta – The Director of the Institute for Demographic and Poverty Studies (IDEAS), Yusuf Wibisono, advised President-elect Prabowo Subianto to focus the State Budge

Han Revanda Putra, Ilona Estherina, Jakarta – Director of the Institute for Demographic and Poverty Studies (IDEAS), Yusuf Wibisono, advised President-elect Prabowo Subianto to evaluate

Arnoldus Kristianus, Jakarta – Finance Minister Sri Mulyani revealed Monday that Indonesia had amassed Rp 1,123.5 trillion (around $68.4 billion) in state revenue so far this year as of

Jakarta – Finance Minister Sri Mulyani has called for president-elect Prabowo Subianto to safeguard the state budget while planning upcoming programs.

Monique Handa Shafira, Jakarta – The digital economy sector has contributed Rp 25 trillion ($1.5 billion) to government tax revenues in the past four years and five months, according to

Yustinus Paat, Jakarta – Some top government officials are split over how much Indonesia should set its state budget deficit for next year, although senior minister Airlangga Hartarto s

Pribadi, Sukma Kanthi Nurani, Jakarta – Several ministries and agencies have requested additional budgets for 2025, including costs for relocating to the new capital city, Nusantara (IK

Faris Mokhtar and Grace Sihombing – Indonesia's President-elect Prabowo Subianto plans to fund his spending promises by steadily increasing the debt ratio to its highest in two decades.

Arnoldus Kristianus, Jakarta – The Indonesian government has decided that the state budget deficit for 2025 should not be more than 2.82 percent of the gross domestic product (GDP).

Ilona Estherina, Jakarta – Minister of Finance Sri Mulyani explained that the State Budget (APBN) in April 2024 experienced a surplus worth Rp75.7 trillion or equal to 0.33 percent of t

Jakarta – The government has cut taxes for exporters who converted their earnings to rupiah in a new regulation issued this week aimed at boosting foreign exchange supply.

Arnoldus Kristianus, Jakarta – The Indonesian Employers Association (Apindo) has raised concerns about the government's decision to increase the Value Added Tax (VAT) rate to 12 percent

Jayanty Nada Shofa, Jakarta – President-elect Prabowo Subianto recently revealed he had no plans of raising the 3 percent budget deficit cap to accommodate his flagship policy of feedin

Annisa Febiola and Riani Sanusi Putri, Jakarta – Minister of Economic Affairs Airlangga Hartarto has spoken out about the government's plan to increase the value-added tax or VAT to 12

Amelia Rahima Sari, Jakarta – The Indonesian Chamber of Commerce and Industry (Kadin) urged the government to be careful in realizing the plan to establish a State Revenue Agency.

Arnoldus Kristianus, Jakarta – Finance Minister Sri Mulyani Indrawati announced that as of March 31, Indonesia's state budget (APBN) maintained a surplus of Rp 8.1 trillion ($499.2 mill

Thomas E.

Riani Sanusi Putri , Jakarta – The chairperson of the Indonesian Employers Association (Apindo), Shinta Kamdani, responded to the government's decision to keep the 2025 State Budget def

Jakarta – Indonesia will leave enough fiscal room in the 2025 budget for incoming president Prabowo Subianto's multi-billion free school meal programme, while ensuring the country's tra

Deni Ghifari, Jakarta – Tax revenue for the year to March 15 fell 3.7 percent year-on-year (yoy), the Finance Ministry has said, largely a result of companies seeking tax refunds for wo

Alfida Rizky Febrianna, Jakarta – The Finance Ministry has reported a surplus in the state budget amounting to Rp 22.8 trillion ($1.44 billion).

Jakarta – Toyota Motor Manufacturing Indonesia (TMMI) vice president director Bob Azam has asked the government to formulate an impact mitigation scheme ahead of the planned value-added

Tenggara Strategics, Jakarta – Defense minister and presumptive president-elect Prabowo Subianto attended the Mandiri Investment Forum 2024 as keynote speaker last week, a role that wou

Arnoldus Kristianus, Jakarta – The Institute for Development of Economics and Finance (Indef) is worried that the proposed increase in the value-added tax (VAT) rate to 12 percent in 20

Jakarta – Indonesians will have to pay more for most goods they buy in 2025 once the government increases value-added tax (VAT) to 12 percent in 2025, from the current 11 percent.

Arnoldus Kristianus, Jakarta – The government is set to implement a 12 percent value-added tax (VAT) next year, marking a 1 percentage point increase from the current VAT rate.

Arnoldus Kristianus, Jakarta – Presidential candidate Prabowo Subianto wants to raise the tax ratio to 16 percent, up from the current 10 percent, which he deems low compared to other c

Deni Ghifari, Jakarta – Government projections point to a sharp increase in the budget deficit this year amid massive spending on social aid and subsidies.

Arnoldus Kristianus, Jakarta – The World Bank has advised that the upcoming president's free lunch program should carefully consider the health of the 2025 State Budget.

Editorial board, Jakarta – Prabowo Subianto, the most likely winner of the Feb.

Aditya Hadi, Jakarta – Two major credit rating agencies, Fitch Ratings and Moody's, have raised concern that Prabowo Subianto's expensive campaign promises could result in more expansio

Antara, Denpasar – Bali's Tourism Agency announced that the Rp 150,000 ($10) tourist levy for foreign visitors, in effect since February 14, has yielded Rp 9.1 billion in just one week.

Annisa Febiola and Amelia Rahima Sari, Jakarta – An economist from the Center of Reform on Economic (CORE) Yusuf Rendy Manilet responded to presidential candidate Prabowo Subianto's pla

Jakarta – There is wide opposition to the entertainment tax increase this year and the 12 percent VAT from next year. This is a threat to the viability of businesses.

Alfida Rizky Febrianna, Jakarta – Former Trade Minister Enggartiasto Lukita recently expressed concerns that the implementation of new entertainment taxes, reaching up to 75 percent, co

Faisal Maliki Baskoro, Bali – Beginning Feb. 14, 2024, foreign tourists visiting Bali will be required to pay a tourist tax of Rp 150,000 ($10).

Madeline Croad, Jakarta, Indonesia – After spa therapist Murniyati survived COVID-19 on a sparse salary, she thought the worst was over.

Annisa Febiola, Jakarta – Jakarta Chamber of Commerce and Industry (Kadin) chairperson, Diana Dewi, criticized the recent policy of the provincial government to increase the vehicle fue

Arnoldus Kristianus, Jakarta – West Sumatra and West Java have joined Bali in implementing an entertainment tax of less than 40 percent for establishments like nightclubs, karaoke spots

Alfida Rizky Febrianna, Jakarta – The Jakarta City Administration has doubled the Motor Vehicle Fuel Tax (PBBKB) from 5 percent to 10 percent, but according to an expert, the increase i

Whisnu Bagus Prasetyo, Jakarta – Several employees in Jakarta have voiced their grievances as their salaries for this month have experienced a decrease.

Rhea Yasmine Alis Haizan, Singapore/Jakarta – A 40 per cent to 75 per cent entertainment tax on the price of certain goods and services may soon be implemented in Indonesia, much to the

Alfida Rizky Febrianna, Jakarta – Leisure service providers won't obey the recent tax hikes until the Constitutional Court issues a ruling over a legal motion challenging the government

Yohana Belinda, Jakarta – The government has decided to postpone increasing the entertainment tax rate, which was slated to take effect this January, Coordinating Maritime Affairs and I

Heru Andriyanto, Jakarta – Chief Investment Minister Luhut Binsar Pandjaitan has called for the suspension of the controversial tax hike on nightclubs, karaoke houses, and bars due to m

Henderi Gunadi, Jakarta – In the run-up to the presidential election on Feb.