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Finance Minister Sri Mulyani Indrawati said the government expected a 10 percent drop in tax revenue this year as a result of incentives for businesses to help them cope with COVID-19 and reduced non-tax revenue on account of falling commodity prices.
“No actions, including decisions made based on this Perppu, may be subject to lawsuits that could be filed at a state administrative court,” says the Perppu on state finance and financial system stability to contain the COVID-19 pandemic.
Indonesia will issue a government regulation in lieu of law (Perppu) that will boost state spending by up to Rp 405.1 trillion (US$24.6 billion) and widen the budget deficit to a record-high 5.07 percent of GDP in the nation’s fight against COVID-19.
Secretary to the coordinating economic affairs minister, Susiwijono Moegiarso, said Thursday the government would issue a government regulation in lieu of law (Perppu) to facilitate a plan to help businesses struggling as a result of the coronavirus.
