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Opinion 5 months ago
PREMIUM
Analysis: Coal and nickel dilemma: Racing for revenue, lagging in readiness
A potentially widening budget deficit amid soaring global oil prices has prompted Finance Minister Purbaya Yudhi Sadewa to explore alternative revenue sources, including export duties on nickel and coal, commodities that are currently benefiting from relatively strong price trends. The push for rapid revenue mobilization, however, appears to be running ahead of sectoral readiness.
Opinion 6 months ago
PREMIUM
Analysis: Raids and revenue woes: the leaky tax and customs system
As the government scrambles to shore up tax and excise revenues, a wave of corruption arrests targeting tax and customs officials has exposed deep governance problems within Indonesia’s revenue-collecting agencies. The Corruption Eradication Commission’s (KPK) recent raids have prompted Finance Minister Purbaya Yudhi Sadewa to carry out large-scale bureaucratic rotations at both the tax and customs offices. Yet questions remain over whether these measures can deliver lasting reform or meaningfully improve revenue collection.
Opinion 8 months ago
PREMIUM
Analysis: Government's tax revenue slips, raising fiscal deficit pressures
Indonesia may face a tax revenue shortfall this year, as recent data show the country had realized only 74.62 percent of its annual tax target as of November, underscoring mounting difficulties in sustaining revenue growth amid global and domestic economic headwinds. The World Bank Group (WBG) has projected Indonesia's tax ratio, the share of tax revenue in gross domestic product (GDP), to fall to 9.4 percent in 2025, down from 10.1 percent in 2024. The downward trend is a worrying signal for future state spending, particularly as the government rolls out costly flagship programs that risk widening the fiscal deficit.
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