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fiscal-policy

Hashim signals govt to keep saving $20b from budget over next five years
Regulations 1 year ago

PREMIUM
Hashim signals govt to keep saving $20b from budget over next five years

According to Hashim, these funds will be partially funneled into Danantara, Indonesia’s newly established sovereign wealth fund (SWF).
12% VAT: A Fiscal solution or an economic burden on the middle class?
Academia 1 year ago

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12% VAT: A Fiscal solution or an economic burden on the middle class?

The policy is considered ill-timed, given that the purchasing power of the people is already on the decline.
VAT hike faces backlash all around
Regulations 1 year ago

PREMIUM
VAT hike faces backlash all around

Business associations and netizens have expressed disapproval of the planned value-added tax (VAT) hike set to go into effect at the turn of the year, arguing that the timing is not right as spending power has been losing vigor.
Prabowo adds two high-ranking Finance Ministry positions
Regulations 1 year ago

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Prabowo adds two high-ranking Finance Ministry positions

President Prabowo Subianto has added two new directorate generals to the Finance Ministry – the Economic and Fiscal Strategy Directorate General and the Financial Sector Stability and Development Directorate General.
Geopolitics, climate change pose risks to fiscal stability, Mari Pangestu says
Economy 1 year ago

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Geopolitics, climate change pose risks to fiscal stability, Mari Pangestu says

A former trade minister and World Bank director has cautioned Indonesia to look ahead and anticipate potential global disruptions that could affect the country's fiscal stability.
Prabowo wants gradual increase in debt-to-GDP, adviser says
Economy 1 year ago

Prabowo wants gradual increase in debt-to-GDP, adviser says

President-elect Prabowo Subianto will increase the country's debt-to-GDP ratio level gradually, alongside efforts to boost tax revenues, his top adviser and brother Hashim Djojohadikusumo told a seminar on Monday.
Jokowi to pass fiscal baton to Prabowo in State Budget Address
Regulations 1 year ago

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Jokowi to pass fiscal baton to Prabowo in State Budget Address

The outgoing President is planning to hand over the country's finances to his successor on Friday while delivering the annual State Budget Address, which experts will be watching keenly for indications of the incoming administration's policy direction on the economy
Jokowi’s presidency leaves behind very narrow fiscal space
Academia 1 year ago

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Jokowi’s presidency leaves behind very narrow fiscal space

About 120 million people, 40 percent of the total population, still live near the poverty line, meaning that they are prone to falling into poverty at the slightest decline in economic conditions.
Foreign direct investment vital for unlocking Indonesia’s potential
Academia 1 year ago

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Foreign direct investment vital for unlocking Indonesia’s potential

Indonesia's ascent to among the world's top 10 economies is not a matter of if but when.
Gerindra lawmaker denies rumors about plan to change State Finance Law
Regulations 1 year ago

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Gerindra lawmaker denies rumors about plan to change State Finance Law

A member of Prabowo Subianto’s Gerindra Party who also heads the president-elect’s transition team has denied a report about alleged plans of the incoming administration to revise the State Finance Law.
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