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Jakarta Post

Indonesia should push onward with structural reform: IMF

  • Marchio Irfan Gorbiano

    The Jakarta Post

Jakarta   /   Tue, May 21 2019   /  02:46 am

An International Monetary Fund (IMF) team has concluded that the country should continue to push for structural reform in tax collection to further carve fiscal space in its budget to finance priority spending. The IMF team, led by its division chief for Indonesia and the Philippines, Luis E. Breuer, visited Indonesia from May 2 to 14.In a recently published statement, Luis lauded the government’s past policy that reflected its priority to maintain domestic stability amid uncertainty stemming from external uncertainties, while also urging policymakers to further advance tax reform, considering the government’s commitment to managing the fiscal deficit.“Fiscal policy should focus on creating additional [fiscal] space through tax reform and improving the composition and efficiency of public spending,” said Breuer, adding that modernization of the tax system and its administrations ...