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Though the draft 2024 state budget might be criticized for being boring, it offers the soothing effects of familiarity while considering the global uncertainties that continue linger, and hence avoiding the likelihood of any midyear adjustments.
Following recent criticism, the government has argued in defense of its policy to boost investment in the nickel processing industry, saying it had paid off for the country with a significant rise in tax and export revenues.
As vaccines may only become available in the second half of next year, the pandemic will continue to limit economic recovery, said Institute for Development of Economics and Finance executive director Tauhid Ahmad.
The government is looking to raise around Rp 12.1 trillion (US$810 million) in revenue from stamp duty as the House of Representatives passed a law on Tuesday to increase the stamp duty to Rp 10,000 for business document deals starting next year.
