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The Jakarta Post
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budget-deficit

Italy PM says budget deficit likely to rise further amid pandemic
Business 1 month ago

Italy PM says budget deficit likely to rise further amid pandemic

Italy’s budget deficit, currently projected to reach 10.4 percent of domestic output this...
Indonesia’s COVID-19 budget changes again: What we know so far
Business 2 months ago

Indonesia’s COVID-19 budget changes again: What we know so far

The budget deficit is expected to swell to 6.34 percent of gross domestic product (GDP), an inc...
Indonesia may lose market confidence due to mounting debts: World Bank
Business 2 months ago

Indonesia may lose market confidence due to mounting debts: World Bank

The government needs to show a credible path for the economy to unwind “exceptional measures&r...
Indonesia records first-quarter budget deficit of $4.9b
Business 3 months ago

Indonesia records first-quarter budget deficit of $4.9b

Indonesia’s state budget deficit fell to Rp 76.4 trillion (US$4.94 billion) in the first quart...
Explainer: Indonesia to finance coronavirus battle mostly through debt
Business 4 months ago

Explainer: Indonesia to finance coronavirus battle mostly through debt

In addressing the widening deficit, the government is resorting primarily to debt as tax revenue is ...
BI to dominate ownership of 'pandemic bonds' as debt burden grows
Business 4 months ago

BI to dominate ownership of 'pandemic bonds' as debt burden grows

The government will issue nearly Rp 450 trillion (US$27.21 billion) worth of so-called pandemic bond...
Indonesia to issue Rp 450 trillion in 'pandemic bonds' to finance COVID-19 fight
Business 4 months ago

Indonesia to issue Rp 450 trillion in 'pandemic bonds' to finance COVID-19 fight

The government will also increase its bond sales target by Rp 160.2 trillion to Rp 549.6 trillion to...
Moody's lauds Indonesia's economic response but virus containment efforts lag
Business 4 months ago

Moody's lauds Indonesia's economic response but virus containment efforts lag

Five analysts at Moody’s Investor Service wrote in a research note on Friday that an unprecede...
‘This is not a normal time’: BI to break barriers in COVID-19 battle
Business 4 months ago

‘This is not a normal time’: BI to break barriers in COVID-19 battle

“We vow to return to prudent monetary management if the market is ready to fully absorb the de...
Indonesia’s COVID-19 stimulus playbook explained
Business 4 months ago

Indonesia’s COVID-19 stimulus playbook explained

Jokowi signed a Perppu to legitimize much more state spending and financial relief efforts as Indone...
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