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The Jakarta Post
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budget-deficit

Indonesia may lose market confidence due to mounting debts: World Bank
Business 2 days 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month 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 1 month ago

Indonesia’s COVID-19 stimulus playbook explained

Jokowi signed a Perppu to legitimize much more state spending and financial relief efforts as Indone...
Explainer: BI to throw lifeline to Indonesia’s economy to fight COVID-19
Business 1 month ago

Explainer: BI to throw lifeline to Indonesia’s economy to fight COVID-19

Government Regulation in Lieu of Law (Perppu) No. 1/2020 stipulates that the government can issue bo...
Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic move
Business 1 month ago

Indonesia announces Rp 405 trillion COVID-19 budget, anticipates 5% deficit in historic move

Indonesia will issue a government regulation in lieu of law (Perppu) that will boost state spending ...
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