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The Jakarta Post
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budget-deficit

Deficit widens to US$46.3b as govt spending picks up
Business 5 days ago

PREMIUM
Deficit widens to US$46.3b as govt spending picks up

Tax revenue has fallen by 16.9 percent this year.
Virus spending, lower revenue may weaken Indonesia’s credit quality: Moody’s
Business 1 month ago

Virus spending, lower revenue may weaken Indonesia’s credit quality: Moody’s

The coronavirus-induced economic downturn has sapped tax revenue, spurred government spending and ne...
Indonesia’s budget deficit swells to $22.4b in July as revenue falls
Business 2 months ago

Indonesia’s budget deficit swells to $22.4b in July as revenue falls

The government collected state revenue of Rp 922.2 trillion, a decrease of 12.4 percent year-on-year...
Italy PM says budget deficit likely to rise further amid pandemic
Business 4 months 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 4 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 5 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 6 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 6 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 6 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 6 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...
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