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2021-state-budget

Business 5 years ago

Indonesia raises economic recovery budget to $39b

The previously approved budget for the program in 2021 was Rp 372.3 trillion, although authorities have said this may swell after President Joko “Jokowi” Widodo announced he wanted to run the mass vaccination campaign for free.

Business 5 years ago

PREMIUM
Ministry pushes forward 982 infrastructure deals as govt ramps up spending

The Public Works and Housing Ministry signed on Friday 982 infrastructure procurement packages worth Rp 12.5 trillion (US$889.2 million).

Business 5 years ago

Adhi Karya seeks 20% contract growth in 2021

By November, the construction firm had booked Rp 18.6 trillion (US$1.32 billion) in new contracts, about 67 percent of its 2020 target.

Business 5 years ago

PREMIUM
Govt, House pass Indonesia’s 2021 state budget: What you need to know

The 2021 State Budget Law targets Indonesia’s economic growth to rebound to 5 percent next year.

Business 5 years ago

House approves Agriculture Ministry’s $1.5b budget for 2021

House of Representatives Commission IV approved on Monday a vastly increased Agriculture Ministry budget that is aimed at supporting the national economic recovery from the slump caused by the coronavirus pandemic.

Business 5 years ago

Budget deficit projected to reach 5.7 percent of GDP in 2021 as uncertainty hits tax revenue

The government now expects the fiscal deficit to reach Rp 1 quadrillion (US$67.32 billion), 5.7 percent of GDP, and increase by Rp 35.2 trillion compared to the previous estimate of 5.5 percent of GDP, as income from taxes will fall further.

Business 5 years ago

Indonesia needs greater healthcare budget in 2021 for vaccine: Economist

The government is planning to allocate Rp 169.7 trillion (US$11.45 billion) toward health care next year, far lower than the Rp 414 trillion it will set aside for infrastructure.

Business 5 years ago

Once upon a time: Indonesia to employ storytelling, narrative in tourism recovery strategy

It will be part of the government’s allocation of Rp 14.4 trillion (US$972.6 million) to fund tourism recovery efforts next year.

Editorial 5 years ago

Pandemic looms over budget

Policymakers will continue to walk on a tight rope with physical distancing, testing, tracing and isolating as their main instruments to fight the virus.