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View all search resultsfinance-ministry
Opinion 8 months ago
PREMIUM
Analysis: Final warning to customs office: Reform or be replaced
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.
Opinion 8 months ago
PREMIUM
Analysis: Indonesia's fiscal strains deepen as deficit rises, revenue underperforms
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.
Regulations 10 months ago
PREMIUM
Banks near full disbursement of $12b liquidity boost, cut borrowing costs
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.
Regulations 10 months ago
PREMIUM
Finance Ministry to offer low-interest loans for regional projects
The scheme will offer interest rates as low as 0.5 percent to regional administrations with eligible projects and will be channeled through state-owned infrastructure financing firm PT Sarana Multi Infrastruktur (SMI).
Academia 10 months ago
PREMIUM
Purbaya’s test and Prabowo’s enemies within
The new finance minister has become an inadvertent disrupter of a decade-long loyalty entrenched in the bureaucracy through his policies, grounded in economic rational, creating both hope among the public and a test for the President.
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