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FISCAL POLICY
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Stable Credit Rating Is Good Capital in Facing Uncertainty
Strive for a stable debt rating by ensuring that macroeconomic conditions are maintained, fiscal consolidation is ongoing, and tax reform measures are continuing to maintain the flow of state revenues.
English
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Seven Steps to Navigating Recovery in 2023
ceo
English
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Tax Revenue Set Relatively High
Amidst the threat of inflation and global economic uncertainty, the government and the House of Representatives have set a high target for tax revenue in the draft 2023 state budget.
English
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Energy Subsidy Reform is Needed
Based on data compiled by the Finance Ministry, of the 1.79 million kiloliters of biodiesel distributed to households, the poor and vulnerable groups from expenditure deciles 1 to 4 only get 100,000 kl.
English
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Keeping Inflation, Maintaining Purchasing Power
Bank Indonesia is also maintaining the benchmark interest rate at a level that allows the business world to move freely. It is hoped that inflation will remain low and economic growth and recovery will not be disrupted.
English
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‘Sembako’ Tax
If in the short term the implementation of VAT on basic goods cannot be carried out, it is very possible that the fiscal deficit cannot be returned to below 3 percent in 2023 as mandated by law.
English
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Alarm of Economic Recession
Statistics Indonesia (BPS) has announced that the economy contracted in the third quarter by 3.49 percent year-on-year (yoy), meaning that Indonesia has entered a recession.
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General Allocation Funds Cut by 3-4 Percent
English
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