Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsThe government is banking on corporate participation to bridge Indonesia’s infrastructure funding gap, but experts warn that strained finances of state-owned construction firms and the current reluctance of private investors to commit to large-scale projects may hinder progress.
Speaking in a press briefing held in response to the recent slump in the stock market, Sri Mulyani said that she would continue leading the effort to manage state finances together with all staff in the Finance Ministry.
Finance Minister Sri Mulyani Indrawati says Rp 306 trillion in budget cuts will be reallocated to initiatives that directly improve the people’s welfare, such as the free meals program, food and energy self-sufficiency and health care.
The finance minister has announced a bold plan to target the shadow economy as a new source of tax revenue, particularly as the government looks to generate more funds to finance its ambitious and costly priority programs, including the free meals program.
Instead of being placed under the command of the coordinating economic minister, the finance minister now reports directly to the President, which indicates a more hands-on approach by Prabowo Subianto to budget management.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.