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government-spending

Sense of crisis
Editorial 5 years ago

Sense of crisis

Government spending contracted 6.9 percent in the second quarter, a deeper contraction than consumer spending, which saw 5.51 percent negative growth.
Slow budget realization drag on economic recovery: Experts
Business 5 years ago

Slow budget realization drag on economic recovery: Experts

Sucor Sekuritas head of research Adrianus Bias said that while market players welcomed the government’s budgeting and funding for the COVID-19 relief programs, the key factor was still budget realization.
Govt urged to ramp up spending as recession looms
Business 5 years ago

Govt urged to ramp up spending as recession looms

Economists have urged the government to ramp up state spending and control the coronavirus spread to speed up recovery as Indonesia's economy contracts for the first time since 1999.
Indonesia’s economy could enter recession in Q3: Sri Mulyani
Business 5 years ago

Indonesia’s economy could enter recession in Q3: Sri Mulyani

The country’s gross domestic product (GDP) is expected to contract 3.8 percent in the second quarter and may shrink by a further 1 percent or grow 1.2 percent in the third quarter, Finance Minister Sri Mulyani Indrawati said.
World Bank urges tax, subsidy reforms to improve public spending
Business 5 years ago

World Bank urges tax, subsidy reforms to improve public spending

The World Bank said Indonesia currently faced several constraints that prevented it achieving quality spending to close the gap between human capital and infrastructure.
Indonesia’s household spending to tank as people lose jobs: Fitch
Business 6 years ago

Indonesia’s household spending to tank as people lose jobs: Fitch

Researchers said growth in household spending would slow to just 1.2 percent this year from 5 percent last year.
‘Desperate times, desperate measures’: Calls grow for flexible state budget amid virus
Business 6 years ago

‘Desperate times, desperate measures’: Calls grow for flexible state budget amid virus

University of Indonesia rector Ari Kuncoro said the state budget would need to be flexible to solve health issues and counter the negative economic effects of the virus.
State budget deficit to widen as government counters virus effects: Sri Mulyani
Business 6 years ago

PREMIUM
State budget deficit to widen as government counters virus effects: Sri Mulyani

The COVID-19 outbreak has prompted the government to provide a stimulus package to ensure economic growth remains at the key 5 percent mark.
Government spending fails to jack up growth as tax revenue slows
Business 6 years ago

PREMIUM
Government spending fails to jack up growth as tax revenue slows

Public spending, which accounted for around 8 percent of gross domestic product (GDP), only grew 0.98 percent in the third quarter of this year, Statistics Indonesia (BPS) data show.
Indonesia’s GDP grows 5.02 percent in Q3, slowest in over two years
Business 6 years ago

Indonesia’s GDP grows 5.02 percent in Q3, slowest in over two years

Statistics Indonesia (BPS) announced Tuesday that weak investment and low government spending, as well as low commodity prices that have exacerbated weak global demand, dragged down growth in the third quarter.
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