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.
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.
Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search results
State revenue reached just 82.1 percent of the full-year outlook in November, down 5.67 percent from the same period last year, while the budget deficit stood at 2.35 percent of GDP, noticeably higher than October's 2.02 percent, though the finance minister said this was "within manageable limits".
Finance Minister Purbaya Yudhi Sadewa has issued a stark ultimatum to the Customs and Excise Directorate General (DJBC): repair its battered reputation within a year or face the possibility of another institutional freeze. The warning puts the future of roughly 16,000 employees on the line. But the deeper question is whether the DJBC can truly rebuild itself or whether this threat simply postpones the next cycle of breakdown and intervention.
Indonesia's budget deficit widened Rp 479.7 trillion (US$29.98 billion) or 2.02 percent of GDP in October 2025, heightening concerns about the country's fiscal health. This marks a sharp increase from the Rp 309.2 trillion deficit, or 1.37 percent of GDP, recorded during the same period last year. The shortfall has been further pressured by sluggish state revenues as the government had collected only Rp 2.1 quadrillion by Oct. 31, equivalent to 73.7 percent of this year's revenue outlook.
September's liquidity injection led to state-owned banks cutting their deposit rates by around 50 basis points (bps) and lending rates by around 11 bps, according to the Finance Ministry, which expects this to translate into stronger growth this quarter.
