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state-revenue

Oil and gas revenue to miss target amid price slips
Economy 7 months ago

PREMIUM
Oil and gas revenue to miss target amid price slips

While revenue has weakened, investment in the upstream sector posted strong growth.
Finance Minister flags looming revenue shortfall amid tax slump
Economy 8 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 figure in three years and 9 percent below the same period in 2024.
Govt won’t raise taxes, plans to lower rates: Hashim
Regulations 9 months ago

PREMIUM
Govt won’t raise taxes, plans to lower rates: Hashim

Hashim Djojohadikusumo, a top adviser to and brother of President Prabowo Subianto, said the government is seeking ways other than increasing tax rates to shore up tax revenue.
Fiscal revenue down 17% yoy in first quarter
Economy 10 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 the first three months of this year compared to the first quarter last year amid weaker corporate earnings.
Indonesia sees slight dip in tax compliance amid extended holidays
Regulations 11 months ago

PREMIUM
Indonesia sees slight dip in tax compliance amid extended holidays

Only 12.34 million taxpayers submitted their tax returns before this year's April 1 deadline. The figure falls short of last year’s 12.7 million tax return submissions under a similar deadline.
Cashing in mining royalties
Editorial 11 months ago

Cashing in mining royalties

For decades, the nation’s extractive industries have been plagued by issues such as corruption and regulatory inconsistency, as well as unfair profit-sharing mechanisms with local governments.
RI retains credit rating amid promising growth, but revenue concerns persist
Economy 11 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 sustain economic growth or allows the fiscal deficit to widen by prioritizing political commitments over prudent financial management.
Analysis: State revenue nosedives, fueling speculation over Sri Mulyani’s exit
Opinion 11 months ago

PREMIUM
Analysis: State revenue nosedives, fueling speculation over Sri Mulyani’s exit

After a month-long silence, the Finance Ministry has finally released the state budget (APBN) performance report for January, in tandem with the February 2025 report. The delay had already stirred speculation about internal tensions within the ministry, including persistent rumors of Finance Minister Sri Mulyani Indrawati’s possible resignation.
Customs' revenue grew 4.9 percent in 2024
Economy 1 year ago

Customs' revenue grew 4.9 percent in 2024

Customs and Excise revenue hit Rp 300.2 trillion (US$19.3 billion) in 2024 and grew 4.9 percent, driven by robust imports, export policy changes and higher tobacco taxes.
2024 budget deficit smaller than anticipated
Economy 1 year 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 of the country’s gross domestic product (GDP), Finance Minister Sri Mulyani Indrawati revealed in a press conference on Monday.
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