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Indonesia’s House Legislate 2019 State Budget

JAKARTA (TheInsiderStories) —  After few interruptions, House of Representatives has now agreed on Indonesia's 2019 State Budget. The State Budget was drafted based on...

Indonesian Government Continues the Village Fund Program Although Criticized

JAKARTA (TheInsiderStories) - Ahead of the 2019 Presidential Election, the government suddenly made a new program, namely district funds. This program was announced directly...

Morning Briefing: President Widodo’s District Funds Program Approved by the Parliament

JAKARTA (TheInsiderStories) - Good morning. President Joko Widodo district fund program approved by Indonesian parliament. In the meeting with government on Thursday (26/10), Budget Committee for the...

Indonesia Revised Down Economic Growth to 5.12% from 5.30% in 2019

JAKARTA (TheInsiderStories) - After revising the Rupiah assumption, Indonesian government also lowered the economic growth target in the 2019 state budget, to 5.12 per cent from...

Indonesian Gov’t Revises Exchange Rate Assumption to Rp15,000 in 2019

JAKARTA (TheInsiderStories) - Finance Ministry and Bank Indonesia (BI) revised the Rupiah exchange rate in 2019's State budget to Rp15,000 versus the US Dollar, a...

Indonesia’s Fin Min: If Needed Government Can Change Policies

JAKARTA (TheInsiderStories) - Finance Minister Sri Mulyani Indrawati give a signal a possibility to change government policy if the global economic conditions are more difficult to...

Indonesia will Set Up Pooling Funds for Disaster

JAKARTA (TheInsiderStories) - Indonesian government will set up pooling funds for disaster around the archipelago, said senior government official. The special funds will be prepared to...

Indonesia’s Deficit in the 2019 State Budget is Estimated 1.84%

JAKARTA (TheInsiderStories) - Indonesian government and Budget Committee of Indonesian parliament set the budget deficit in the 2019 State Budget of 1.84 percent of the...

Indonesian Govt, Parliament Set ICP US$70 for 2019

JAKARTA (TheInsiderStories) - Ministry of Energy and Mineral Resources (MEMR) and parliament agreed to set Indonesian Crude Price (ICP) 2019 pegged at US$70 a barrel...

Morning Briefing: Turkey’s CB Raises Interest Rate Sharply, While ECB, BoE...

JAKARTA (TheInsiderStories) - Turkey' Central Bank has hiked its key interest rate to a blistering 24 percent, up from 17.75 percent to bring price stability under...

BI: Rupiah Has Comes Out Its Fundamental Level

JAKARTA (TheInsiderStories) - Is not an easy for the economic leaders to determine the volatility in the financial market amid the global economic turbulences. The sell-off in...

Government of Indonesia: Deficit Reduction Continues in 2019 Budget

JAKARTA (TheInsiderStories) - Last week, Indonesia’s President Joko Widodo announced in the 2019 budget that the government will seek to narrow the fiscal deficit...

Weekly Briefing: Asian Games Ceremony Gives Diversion For Indonesians

JAKARTA (TheInsiderStories) - Good Morning. The 18th Asian Games in Jakarta opened with a lavish ceremony and great fanfare on Saturday (18/08), providing ordinary Indonesians with...

Indonesian Govt Prepares US$29B for Infrastructure Projects in 2019

JAKARTA (TheInsiderStories) - Indonesian government prepares Rp420.5 trillion (US$29.41 billion) for infrastructure projects in 2019 State Budget, said Finance Minister on Thursday (16/08). The amount...

Morning Briefing: BI Raises Rate Again, Trade Deficit Widens

JAKARTA (TheInsiderStories) - Good morning. Bank Indonesia (BI) contributed to the government’s effort to contain Indonesia’s widening current account deficit (CAD) by delivering its fourth rate...

Indonesia Fin Min Sees Economic Growth 5.3% in 2019

Bogor (TheInsiderStories) - Indonesian Finance Minister Sri Mulyani Indrawati sees the country's economic growth 5.3 percent in 2019, lowered from this year target 5.4...

Indonesian Gov’t Institutions to Spending $58B in 2019

JAKARTA (TheInsiderStories)--Ministry of Finance (MoF) and Budget Committee of the House of Representatives agreed on the indicative budget ceiling for the ministries or institutions amounting...