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View all search results2020-state-budget
Business 5 years ago
Indonesia records $17.5b budget deficit in H1 as govt seeks to bolster spending
The deficit amounts to 1.57 percent of the country’s gross domestic product (GDP), the highest half-yearly deficit recorded since the first half of 2016 but still below the government’s expectation of 6.34 percent this year.
Business 5 years ago
Indonesia’s economy could enter recession in Q3: Sri Mulyani
The country’s gross domestic product (GDP) is expected to contract 3.8 percent in the second quarter and may shrink by a further 1 percent or grow 1.2 percent in the third quarter, Finance Minister Sri Mulyani Indrawati said.
Business 5 years ago
Govt rolls out $43b stimulus in bid to rescue economy
Finance Minister Sri Mulyani Indrawati said the “national economic recovery” program would include a strengthened social safety net, tax incentives, capital injections into SOEs and interest rate subsidies for MSMEs, among other measures.
