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state-budget-deficit

COVID-19 resurgence poses risk to economy
Business 4 years ago

PREMIUM
COVID-19 resurgence poses risk to economy

Fiscal space needed to allocate budget funds to achieve 3% deficit target by 2023
Indonesia raises economic recovery budget to $39b
Business 4 years ago

Indonesia raises economic recovery budget to $39b

The previously approved budget for the program in 2021 was Rp 372.3 trillion, although authorities h...
Reform, vaccination needed as state budget not enough to boost recovery: Sri Mulyani
Business 4 years ago

PREMIUM
Reform, vaccination needed as state budget not enough to boost recovery: Sri Mulyani

Indonesia’s budget deficit soared to a record Rp 956.3 trillion (US$69.07 billion) last year a...
Indonesia’s budget deficit jumps to $54.1b in October as virus-related debt piles up
Business 5 years ago

PREMIUM
Indonesia’s budget deficit jumps to $54.1b in October as virus-related debt piles up

As vaccines may only become available in the second half of next year, the pandemic will continue to...
Indonesia looks to spend $85b in Q4 to get economy out of recession
Business 5 years ago

PREMIUM
Indonesia looks to spend $85b in Q4 to get economy out of recession

Indonesia is looking to spend around Rp 1.2 quadrillion (US$85.21 billion) in state budget and regio...
Indonesia needs broad-based tax reform to boost state revenue: IMF
Business 5 years ago

Indonesia needs broad-based tax reform to boost state revenue: IMF

Indonesia aims to bring the fiscal deficit back below 3 percent by 2023.
Indonesia issues new bond series, targets $337m in debt financing
Business 5 years ago

Indonesia issues new bond series, targets $337m in debt financing

The government is targeting bond sales of Rp 5 trillion to finance its debt in tackling the eco...
Indonesia’s budget deficit swells to over 3 percent of GDP in August
Business 5 years ago

Indonesia’s budget deficit swells to over 3 percent of GDP in August

The country’s fiscal deficit reached Rp 500.5 trillion (US$33.96 billion) as of August, or 3.0...
Budget deficit projected to reach 5.7 percent of GDP in 2021 as uncertainty hits tax revenue
Business 5 years ago

Budget deficit projected to reach 5.7 percent of GDP in 2021 as uncertainty hits tax revenue

The government now expects the fiscal deficit to reach Rp 1 quadrillion (US$67.32 billion), 5.7 perc...
Indonesia’s debt jumps as government ramps up virus spending
Business 5 years ago

Indonesia’s debt jumps as government ramps up virus spending

The country’s debt-to-gross domestic product (GDP) ratio rose to 34.53 percent as of August, a...
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