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Academia 6 months ago

PREMIUM
Did Prabowo’s fiscal vision leave people behind?

For a leader democratically elected by the people and with historic legislative support, it is ironic that President Prabowo Subianto finds himself on the line in less than a year of his tenure.

Editorial 6 months ago

Purbaya’s thankless task

Purbaya Yudhi Sadewa begins his job as the country’s new finance minister at a tough moment, as the 2026 budget plan comes with lots of open questions but little time to find the answers.

Academia 6 months ago

PREMIUM
Cracking the shadow economy to meet 2026 revenue goals

The World Bank has estimated that Indonesia’s underground economy, a vast, hidden reservoir flowing beneath the surface, accounts for around 22 percent of GDP.

Academia 7 months ago

PREMIUM
Government taps into the patriotism of business groups

Patriot bonds are not conventional securities. They are designed less to maximize investor return than to rally support for the national agenda

Academia 7 months ago

PREMIUM
Fiscal space for investment shrinks in 2026 budget

The 2026 state budget proposal reveals a fiscal style built on obligations that, while reassuring today, may limit the government’s flexibility in shaping the future.

Editorial 7 months ago

Centralization by budget

The conservative budget requires greater capability to generate revenue to finance the flagship programs, and even greater capacity to ensure their implementation in regions.

Regulations 7 months ago

PREMIUM
2026 budget ripe with politics, somewhat thinner on strategy

A lack of satisfying answers on how to reach growth goals set forth in the freshly unveiled 2026 state budget has led economists to conclude that the fiscal document is based more on political ambition rather than on technocratic calculation.

Economy 10 months ago

PREMIUM
Fiscal revenue down 17% yoy in first quarter

In its monthly update for March, the Finance Ministry said state revenue had fallen 17 percent in the first three months of this year compared to the first quarter last year amid weaker corporate earnings.

Economy 1 year ago

PREMIUM
State revenue nosedives in January and February

Indonesia’s state revenue dropped sharply in the first two months of 2025, and signs point to the haphazard implementation of a new taxation system as a contributing factor.

Academia 1 year ago

Budget efficiency contrast in ASEAN: Tales from Indonesia and Vietnam

The Indonesian government is carrying out massive budget efficiencies. At almost the same time, Vietnam is also doing the same thing. What is the difference between the two?

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