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2021-state-budget

Indonesia’s 2021 state budget draft: What we know so far

Business 5 years ago

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Indonesia’s 2021 state budget draft: What we know so far

The government aims to use the state budget to accelerate economic recovery after the pandemic and to push for structural reform in a bid to boost productivity, innovation and economic competitiveness.

Economic recovery, structural reform take center stage in 2021 state budget policy

Business 5 years ago

Economic recovery, structural reform take center stage in 2021 state budget policy

“Structural reform must also be carried out in education, health, social protection and budgeting and the taxation system,” President Joko “Jokowi” Widodo said in his annual state budget speech before the People’s Consultative Assembly in Jakarta on Friday.

Govt aims for 2021 budget deficit at 5.5% of GDP, sees growth near 5%

Business 5 years ago

Govt aims for 2021 budget deficit at 5.5% of GDP, sees growth near 5%

The government expects Indonesia’s state budget deficit to remain wide next year to provide room for efforts to support economic recovery and structural reforms amid the pandemic-induced uncertainty.

Govt to provide $24b pandemic stimulus funding next year

Business 5 years ago

Govt to provide $24b pandemic stimulus funding next year

“We will continue the economic recovery programs along with reform of several aspects,” Jokowi said in his state of the nation speech to the People’s Consultative Assembly in Jakarta.

Jokowi sets sights on economic recovery, structural reform in 2021 state budget

Business 5 years ago

Jokowi sets sights on economic recovery, structural reform in 2021 state budget

The government, Jokowi went on to say, aimed to continue “fundamental reform” in education, health care, social protection and budgeting and taxation.

Indonesia’s economy to grow 6% next year as activity normalizes, Citibank says

Business 5 years ago

Indonesia’s economy to grow 6% next year as activity normalizes, Citibank says

Citibank Indonesia chief economist Helmi Arman said the economy may return to precoronavirus levels as early as next year.

Government raises 2021 budget deficit to 5.2 percent of GDP

Business 5 years ago

Government raises 2021 budget deficit to 5.2 percent of GDP

The government will raise its 2021 state budget deficit assumption to 5.2 percent of gross domestic product (GDP) to weather the uncertainties of the pandemic, which is expected to continue affecting the economy next year.

Government, lawmakers set 2021 state budget deficit at up to 4.7% of GDP

Business 5 years ago

Government, lawmakers set 2021 state budget deficit at up to 4.7% of GDP

The 2021 budget deficit is expected to reach 3.21 percent to 4.17 percent of GDP, but the government can widen the fiscal deficit to 4.7 percent if needed to fully support recovery.

Agriculture Ministry asks for additional funds, seeks to help farmers’ recovery

Business 5 years ago

Agriculture Ministry asks for additional funds, seeks to help farmers’ recovery

The government has allocated Rp 18.4 trillion to the ministry’s 2021 budget. Around half of the budget is allocated to programs to ensure the availability and accessibility of quality food.

Govt to slash diesel subsidy 50%, generate trillions in 2021 savings

Business 5 years ago

Govt to slash diesel subsidy 50%, generate trillions in 2021 savings

The government plans to slash its diesel subsidy by 50 percent to generate trillions of rupiah in fuel subsidy savings for the 2021 state budget.

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