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View all search resultsIn response to the sharp decline in tax revenues in early 2025, Finance Minister Sri Mulyani has assembled a special ministerial task force to bolster state revenue by targeting key taxpayers. However, market concerns persist over Indonesia's fiscal discipline, mounting debt obligations and the central bank’s increasing role in absorbing government bonds.
After a month-long silence, the Finance Ministry has finally released the state budget (APBN) performance report for January, in tandem with the February 2025 report. The delay had already stirred speculation about internal tensions within the ministry, including persistent rumors of Finance Minister Sri Mulyani Indrawati’s possible resignation.
Indonesia's gold royalty rate is higher than that of most other jurisdictions and is generally perceived as regressive, so the government needs to consider at least four possible actions to maintain competitiveness and encourage investment while boosting revenue.
Hashim Djojohadikusumo, Prabowo’s top adviser and biological brother, said on Sunday that the Third Deputy Finance Minister Anggito Abimanyu is set to take helm of the planned body once it is established.