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budget-deficit

Budget deficit may cross 3 percent threshold on costly programs
Regulations 10 months ago

PREMIUM
Budget deficit may cross 3 percent threshold on costly programs

The Prabowo administration's first 100 days indicate a potential for accelerated debt accumulati...
2024 budget deficit smaller than anticipated
Economy 11 months ago

PREMIUM
2024 budget deficit smaller than anticipated

Last year’s budget closed with a deficit of Rp 507.8 trillion (US$31.34 billion), 2.29 percent...
Gerindra lawmaker denies rumors about plan to change State Finance Law
Regulations 1 year ago

PREMIUM
Gerindra lawmaker denies rumors about plan to change State Finance Law

A member of Prabowo Subianto’s Gerindra Party who also heads the president-elect’s trans...
Excess spending, tax shortfall to drive deficit far beyond budget plan
Economy 1 year ago

PREMIUM
Excess spending, tax shortfall to drive deficit far beyond budget plan

Indonesia’s fiscal deficit is projected to be much larger than planned as the state is set to ...
State revenue drops 7 percent in May amid spending flurry: Sri Mulyani
Economy 1 year ago

PREMIUM
State revenue drops 7 percent in May amid spending flurry: Sri Mulyani

Indonesia booked its first deficit of the year at 0.1 percent of GDP in May as state revenue fell 7....
Prabowo team vows fiscal prudence amid World Bank, IMF concerns
Economy 1 year ago

PREMIUM
Prabowo team vows fiscal prudence amid World Bank, IMF concerns

A 2003 law stipulates that Indonesia's fiscal deficit must not exceed 3 percent of GDP in any fi...
Prabowo adviser denies plans to raise Indonesia's debt to 50 percent of GDP
Economy 1 year ago

Prabowo adviser denies plans to raise Indonesia's debt to 50 percent of GDP

President-elect Prabowo Subianto has no plans to boost the country's public debt to 50 percent o...
What S&P's ratings downgrade means for France
Markets 1 year ago

What S&P's ratings downgrade means for France

Standard & Poor's (S&P) decision to downgrade its rating on France's sovereign debt ...
Wider 2025 budget deficit seen as double-edged sword
Economy 1 year ago

PREMIUM
Wider 2025 budget deficit seen as double-edged sword

Fitch Ratings forecasts debt financing expansion to fund Prabowo’s big-ticket plans, which wou...
Prabowo pledges fiscal prudence, eyes broader coalition, aide says
Politics 1 year ago

Prabowo pledges fiscal prudence, eyes broader coalition, aide says

The government's guidance for next year's fiscal gap is between 2.48 percent to 2.8 percent ...
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