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state-budget-deficit

Govt relies on inner strength amid external risks with 2024 budget
Economy 2 years ago

PREMIUM
Govt relies on inner strength amid external risks with 2024 budget

Analysts say the GDP growth target of 5.2 percent is achievable but note risks of imported inflation...
Russia plans to lower oil export discount to $20/barrel
Markets 2 years ago

Russia plans to lower oil export discount to $20/barrel

Western sanctions over Russia's invasion of Ukraine, including the $60 a barrel price cap on Rus...
Govt to reduce bond issues in light of budget surplus
Regulations 2 years ago

PREMIUM
Govt to reduce bond issues in light of budget surplus

The government is planning to reduce bond issues in view of a budget surplus amounting to 1.12 perce...
Govt exceeds 2022 revenue target, allowing sooner fiscal consolidation
Economy 2 years ago

PREMIUM
Govt exceeds 2022 revenue target, allowing sooner fiscal consolidation

The Finance Ministry has managed to surpass its 2022 state-revenue target, thanks to strong economic...
2023 Budget Law aims for 2.84 percent shortfall to escape commodity-prices trap
Regulations 3 years ago

PREMIUM
2023 Budget Law aims for 2.84 percent shortfall to escape commodity-prices trap

The House of Representatives passed the 2023 state budget bill into law, restoring a targeted shortf...
2022 deficit to drop below 4% despite subsidy hike: Govt
Regulations 3 years ago

PREMIUM
2022 deficit to drop below 4% despite subsidy hike: Govt

The government is optimistic that the budget deficit will drop to less than 4 percent of GDP this ye...
2021 budget deficit, debt issuance outperform targets
Economy 3 years ago

PREMIUM
2021 budget deficit, debt issuance outperform targets

These pave the way for the government to reinstate a budget deficit cap of 3 percent of GDP sta...
Govt expects wider deficit, plans to issue more debt
Business 4 years ago

PREMIUM
Govt expects wider deficit, plans to issue more debt

The government has altered its forecast for debt issuance in 2021 to cover a wider-than-expected bud...
Govt expects less new debt this year with higher tax collection
Business 4 years ago

PREMIUM
Govt expects less new debt this year with higher tax collection

The Finance Ministry estimates the amount of debt issuance this year will fall to Rp 958.1 trillion,...
House probes Prabowo's spending plan. Critics blast it as 'untimely', 'nonsensical' amid COVID-19
Politics 4 years ago

PREMIUM
House probes Prabowo's spending plan. Critics blast it as 'untimely', 'nonsensical' amid COVID-19

A House commission has grilled Defense Minister Prabowo Subianto over his US$125 billion defense spe...
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