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state-budget-deficit

Prabowo banks on Danantara to balance budget
Regulations 3 weeks ago

PREMIUM
Prabowo banks on Danantara to balance budget

President Prabowo Subianto has suggested that Daya Anagata Nusantara (Danantara) will play a big rol...
Widening deficit spurs calls to curb major spending
Economy 2 months ago

PREMIUM
Widening deficit spurs calls to curb major spending

The House Budget Commit has green-lit the Finance Ministry's recommended SAL drawdown to shore u...
Finance Minister flags looming revenue shortfall amid tax slump
Economy 2 months ago

PREMIUM
Finance Minister flags looming revenue shortfall amid tax slump

In the first half of this year, the government collected Rp 1.2 quadrillion, the lowest mid-year fig...
Tax revenue down 10% yoy in May amid payment shifts, policy changes
Regulations 2 months ago

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Tax revenue down 10% yoy in May amid payment shifts, policy changes

Mirroring a fall in tax collection, state revenue also declined to Rp 995.3 trillion (US$61 billion)...
Govt sticks to ‘unrealistic’ 8% GDP growth target
Economy 3 months ago

PREMIUM
Govt sticks to ‘unrealistic’ 8% GDP growth target

The government has reaffirmed its aim to reach 8 percent gross domestic product (GDP) growth by the ...
Fiscal revenue down 17% yoy in first quarter
Economy 4 months ago

PREMIUM
Fiscal revenue down 17% yoy in first quarter

In its monthly update for March, the Finance Ministry said state revenue had fallen 17 percent in th...
US tariffs unleash ‘perfect storm’ on 2025 state budget
Economy 4 months ago

PREMIUM
US tariffs unleash ‘perfect storm’ on 2025 state budget

Fiscal discipline is the key to riding out the "perfect storm" swirling around the state b...
RI retains credit rating amid promising growth, but revenue concerns persist
Economy 5 months ago

PREMIUM
RI retains credit rating amid promising growth, but revenue concerns persist

Credit rating agencies warn that a downgrade could be on the horizon if the government struggles to ...
State revenue nosedives in January and February
Economy 6 months ago

PREMIUM
State revenue nosedives in January and February

Indonesia’s state revenue dropped sharply in the first two months of 2025, and signs point to ...
2024 budget deficit smaller than anticipated
Economy 8 months ago

PREMIUM
2024 budget deficit smaller than anticipated

Last year’s budget closed with a deficit of Rp 507.8 trillion (US$31.34 billion), 2.29 percent...
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