Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsAt its 2026 economic outlook event on Jan. 15, Kadin cautioned against maintaining last year's budget policy to reduce regional transfers amid current global conditions, as doing so would only hamper local growth and exacerbate weakening demand.
Among the non-essential expenditures targeted by the joint circular signed by the finance and home ministers are ceremonial activities, official trips with “non-measurable” outputs and regional grants disbursed to other institutions.
A new regulation allowing regional administrations and region- or state-owned enterprises (SOEs) to borrow money from the central government entails opportunities for local authorities but also poses risks to fiscal discipline, economists say.
Governors have urged Finance Minister Purbaya Yudhi Sadewa to reconsider sharp cuts to regional transfer funds, warning the move would strain local budgets and may stall infrastructure projects, with smaller, low-revenue regions being hit hardest.
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.