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Indrawati Widens 2019’s Budget Deficit on Shortfall Tax Revenues

JAKARTA (TheInsiderStories) - Follow the current development, Indonesian finance minister Sri Mulyani Indrawati decided to widen the 2019 State Budget deficit, from the initial planned...

Indonesia’s Deficit Potential Widens to 1.93% This Year

JAKARTA (TheInsiderStories) - Indonesian deficit has potential to widened to 1.93 percent of gross domestic products (GDP) in 2019, amid the shortfall of tax revenue...

Indonesian Govt, Budget Committee Approves 2020 Macro Assumption

JAKARTA (TheInsiderStories) - Indonesian House of Representatives' Budget Committee has agreed a posture of 2020' state budget bill that has been discussed with the government....

Indonesia Losses US$56.34B from Tax Cut Plan

JAKARTA (TheInsiderStories) - Indonesia has the potential to loss tax revenues up to Rp887 trillion (US$56.34 billion) as the government' plan to reduce the...

Indonesia’s Budget Deficit Reached 0.84% of GDP in 1H

JAKARTA (TheInsiderStories) - Indonesia' finance ministry Sry Mulyani Indrawati on Tuesday (07/16) reported a deficit of the state budget in the first half (1H)...

Indrawati Sees Indonesian Economy Grow 5.1% in 2Q 2019

JAKARTA (TheInsiderStories) - Indonesia' finance minister, Sri Mulyani Indrawati, sees economic growth in the second quarter (2q) of 2019 estimated to be in the...

Indonesia Eyes US$34.94B Tax Reveneus from the Riches

JAKARTA (TheInsiderStories) – Indonesian government targeted tax revenues Rp498trillion (US$34.94 billion) from big taxpayers, both personal and institution, said one minister yesterday (03/13). It...

Indonesia’s Coal Industry Hard to Grow in 2019, says Association

JAKARTA (TheInsiderStories) – Over the past 20 years, the growth of the coal industry has been rapid and it has become one of the...

Morning Briefing: Trade War Tension Calms Indonesian Market

JAKARTA (TheInsiderStories) — Good morning! Easing the trade war tension with the United States (US), China says its scrapped it's ‘Made in China 2025’...

Up to September, Indonesian Tax and Excise Revenues is Still Low

JAKARTA (TheInsiderStories) - The Finance Ministry’s Directorate General for Taxation announced that the amount of tax collection reached Rp900.8 trillion (US$62.12 billion) in the first nine...

Morning Briefing: Indonesian Govt, Lawmakers Raise 2019 Tax Revenue Aim

JAKARTA (TheInsiderStories) - Good morning. Indonesian government and lawmakers from the budget committee had agreed to raise the outlook on tax revenue in the 2019 State...

Indonesia Will Impose Liquid Tobacco Tax 57% Starting July

JAKARTA (TheInsiderStories) - Indonesia will impose a 57 percent excise tax on liquid tobacco starting July, 1, instead of banning an electronic cigarette, a...