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Companies 1 month ago
PREMIUM
Govt to centralize public procurement
President Prabowo Subianto has announced that all government procurement will be conducted through the National Public Procurement Agency (LKPP), in a move he claims will save the state hundreds of trillions of rupiah and which will have a profound impact on the business landscape.
Economy 9 months ago
PREMIUM
Revenue slump pushes budget deficit near 3% limit
Finance Minister Purbaya Yudhi Sadewa has acknowledged high pressure on the state budget and said the government’s 2025 deficit target may be missed but vowed that the figure would remain below the legal cap at 3 percent of GDP.
Economy 10 months ago
PREMIUM
Fiscal deficit far below 3% ceiling in October despite strong monthly rise
According to the latest budget figures presented by Finance Minister Purbaya Yudhi Sadewa, the state budget deficit remains well below the full-year ceiling with just two months left in the calendar year, which the minister attributes to fiscal discipline.
Regulations 10 months ago
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New government lending scheme potential ‘risk’ for fiscal discipline
A new regulation allowing regional administrations and region- or state-owned enterprises (SOEs) to borrow money from the central government entails opportunities for local authorities but also poses risks to fiscal discipline, economists say.
Economy 1 year ago
PREMIUM
Free meals program gets Rp 171t budget this year: Sri Mulyani
According to the National Nutrition Agency (BGN), which runs the free nutritious meal program, the new injection is expected to cover the cost of the full-scale program, estimated at Rp 25 trillion per month, once it launches in September
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