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state-revenue

Economy 1 year ago

PREMIUM
2024 state revenue likely to miss target, says Sri Mulyani

The government had aimed to collect as much as Rp 2.8 quadrillion (US$172.7 billion) in state revenue last year. As of November, collection amounted to Rp 2.49 quadrillion, 89 percent of the goal.

Regulations 1 year ago

PREMIUM
Govt considers offering land amnesty for millions of hectares

The House of Representatives has suggested a land amnesty to legalize ownership over millions of hectares of land with no right to cultivate (HGU) and to collect more state revenue.

Editorial 1 year ago

VAT hike with cashback

There is no shame in VAT hike, yet our government appears to be embarrassed by its own decision.

Tech 1 year ago

PREMIUM
Suspected data breach raises concerns about planned core tax system

The Finance Ministry’s Taxation Directorate General has denied reports of a data breach involving sensitive taxpayer information following an internal investigation.

Regulations 1 year ago

PREMIUM
New bill sets stage for Prabowo’s planned state revenue agency

The promised state revenue agency would be responsible for boosting tax revenue to fund Prabowo's campaign promises.

Society 1 year ago

PREMIUM
New education budget scheme raises fear of funding cut

The Finance Minister has proposed a new state budget mechanism for meeting the mandatory 20 percent allocation for education, which has raised fears among experts that schools, teachers and students will all be left shortchanged.

Economy 1 year ago

PREMIUM
Excess spending, tax shortfall to drive deficit far beyond budget plan

Indonesia’s fiscal deficit is projected to be much larger than planned as the state is set to spend more but collect less in tax than laid out in the budget for this year.

Economy 1 year ago

PREMIUM
State revenue drops 7 percent in May amid spending flurry: Sri Mulyani

Indonesia booked its first deficit of the year at 0.1 percent of GDP in May as state revenue fell 7.1 percent amid a flurry of spending that grew 14 percent in May, including on social assistance to mitigate the impacts of El Niño on food prices.

Regulations 1 year ago

PREMIUM
Low commodity prices drag down state revenue

Tax revenue for the year to March 15 fell 3.7 percent year-on-year (yoy), the Finance Ministry has said, largely a result of companies seeking tax refunds for worse-than-expected business performances last year.