TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

LOG IN / REGISTER

LOG IN

Don’t have an account? Register here Give your organization full access to The Jakarta Post. Register here

budget-deficit

Business 5 years 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 (yoy) and about 54 percent of this year’s target.

Business 5 years 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 year, is likely to expand further as the country tries to prop up the economy amid the coronavirus pandemic, Prime Minister Giuseppe Conte said on Sunday.

Business 5 years 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 increase from earlier estimates of 6.27 percent in May and 5.01 percent at the end of March.

Business 5 years 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” taken by the government to battle the outbreak, World Bank senior economist for Indonesia Ralph van Doorn said.

Business 5 years 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 quarter of 2020 as revenue grew significantly from a year earlier while spending growth slowed, Finance Ministry data show.

Business 5 years 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 expected to slide with businesses paralyzed and households losing income during the pandemic.

Business 5 years 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 bonds.

Business 5 years 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 address the widening budget deficit, which could reach 5.07 percent of gross domestic product (GDP).

Business 5 years 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 unprecedented increase in the deficit ceiling by the government would allow for more fiscal headroom.

Business 5 years 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 debt papers," Bank Indonesia (BI) governor Perry Warjiyo said.

TheJakartaPost

Popular Reads

Top Results

Popular Reads

Top Results

LOG IN

budget-deficit

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

Italy PM says budget deficit likely to rise further amid pandemic

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

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

Indonesia records first-quarter budget deficit of $4.9b

Explainer: Indonesia to finance coronavirus battle mostly through debt

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

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

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

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

follow our Social media