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Economy 3 months ago
PREMIUM
Revenue slump pushes budget deficit near 3% limit
Finance Minister Purbaya Yudhi Sadewa has acknowledged high pressure on the state budget and said the government’s 2025 deficit target may be missed but vowed that the figure would remain below the legal cap at 3 percent of GDP.
Academia 4 months ago
PREMIUM
Innovation, not mandates, will shape our climate future
World leaders need to focus on technological innovations that will help pull developing countries out of the massive amount of carbon they emit, away from costly investments prioritizing carbon reductions by rich countries, which contribute just 13 percent of global emissions.
Regulations 4 months ago
PREMIUM
New government lending scheme potential ‘risk’ for fiscal discipline
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.
Economy 5 months ago
PREMIUM
Govt gunning for high GDP growth from this quarter onward
The government has promised strong gross domestic product growth for the remainder of this year and onward as it expects higher consumption, underpinned by increased private sector activity and government spending.
Europe 8 months ago
NATO leaders set to back Trump defense spending goal at Hague summit
The summit is expected to endorse a higher defense spending goal of 5 percent of GDP - a response to a demand by Trump and to Europeans' fears that Russia poses an increasingly direct threat to their security following the 2022 invasion of Ukraine.
