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View all search resultsA lack of satisfying answers on how to reach growth goals set forth in the freshly unveiled 2026 state budget has led economists to conclude that the fiscal document is based more on political ambition rather than on technocratic calculation.
A former Prabowo aide has accused the Finance Minister of overreach by hampering the administration's efforts to establish a new agency to improve state revenue, as promised on the campaign trail last year.
The appointment occurred as the government saw state revenue collection decline by 12 percent year-on-year (yoy) to Rp 810.5 trillion (US$49.62 billion) in first four months of this year from Rp 924.92 trillion in same period last year.
The government says the US has expressed appreciation for Indonesia’s position on bilateral trade and lauded Jakarta’s decision to get into negotiations early, as a high-ranking delegation wraps up talks in Washington, DC.
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