Alfida Rizky Febrianna, Jakarta – Finance Minister Sri Mulyani Indrawati announced that the Coal Management Information System (Simbara), an online tracking system for mining activities

Ilona Estherina, Jakarta – Executive Director of the Institute for Development of Economics and Finance (INDEF), Esther Sri Astuti, said the construction of Nusantara Capital City, or I

Jakarta – Indonesian President-elect Prabowo Subianto will allow the nation's debt-to-GDP ratio to rise to 50 per cent provided his administration can boost tax revenues, the Financi

Jakarta – President Joko Widodo's decision to force through an allocation of Rp71 trillion to cover the costs of the free milk and nutritious meal program in the 2025 Draft State Budget

Jayanty Nada Shofa, Jakarta – President Joko "Jokowi" Widodo does not want Indonesia's regents to spend the hard-earned government money on imports.

Deni Ghifari, Jakarta – The central government's fiscal deficit this year is projected to be much larger than planned as the state is set to spend more but collect less in tax than laid

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

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.

Muhammad Aulia Rahman, Jakarta – Home Affairs Minister Tito Karnavian criticized provincial and municipal governments on Monday for inefficient budget management, stating that they spen

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.

Thomas E.

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

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

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.

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

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