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View all search resultsThe 2027 State Budget Law passed Tuesday gives the finance minister authority to conduct examinations and special audits of state revenue collection, which companies worry may hold up tax refunds and hurt their cash flow.
BPJS Kesehatan president director Prihati Pujowaskito said the agency had collected Rp 118 trillion in premiums as of September, while it had paid Rp 132 trillion in healthcare benefits, leaving a cash flow deficit of around Rp 14 trillion.
The government has fully settled its remaining debt related to the Bank Indonesia Liquidity Assistance (BLBI) program issued during the 1997-1998 financial crisis, using Rp 55 trillion in Bank Indonesia surplus funds.
Purbaya Yudhi Sadewa was removed as finance minister after just over a year in office, marking the second time President Prabowo Subianto has replaced the country’s finance minister in less than two years. Prabowo appointed former deputy finance minister Suahasil Nazara to replace him, making Suahasil the third person to hold the position since Prabowo took office. The abrupt change followed months of contentious reforms, fiscal policies and plans that increasingly brought Purbaya into conflict with officials within the Finance Ministry and with other institutions.
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