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Economy 11 months ago
PREMIUM
Save or spend? Employees on how to make holiday bonus count
As Idul Fitri approaches, tens of millions of employees look forward to their annual holiday bonus (THR). To some, it’s a well-deserved reward to be used for instant gratification, but financial planners suggest keeping at least some for a rainy day.
Opinion 1 year ago
PREMIUM
Analysis: Extreme budget cuts undermine the morale of government employees
President Prabowo Subianto is pushing for budget efficiency, which is expected to save around Rp 300 trillion (US$18.36 billion) and could even reach Rp 750 trillion, to create enough fiscal space to fund his signature programs such as the free nutritious meals program and the new Danantara sovereign wealth fund. On the other hand, this austerity measure is feared to undermine the morale of government employees, who will see their pay drop significantly.
Archipelago 1 year ago
PREMIUM
Prabowo denies civil servant salary cuts amid budget reductions
President Prabowo Subianto refuted claims that budget cuts for ministries and agencies would impact civil servant salaries. Previous reports suggested that some ministries and agencies have already laid off contract workers because of budget constraints.
Economy 2 years ago
The breakdown of General Allocation Funds (DAU) for government employees
Finance Minister Sri Muyani has increased the transfer of allocated funds to regions for the year of 2024. Under the new policy, the funds will amount to Rp 857.59 trillion (US$54 billion), an increase from the Rp 814.72 trillion allocated this year.
