Jokowi Introduces Expansive 2022 Budget Bill, Promises Reform to Overcome Prolonged Pandemic, Uneven Global Recovery

... . Therefore, the 2022 state budget must be anticipatory, responsive, ... the government to shift budget allocation without the House' ... budgetary body, said the government budget and targets were "realistic" ... government can run a deficit exceeding 3 percent of ...

Finance Minister Offers Insight into Massive Covid Relief Funds

... amount is equivalent to the budget to build 9,352 kilometers ... state budget, which last year plunged into a 6 percent deficit. “We ...

BI Will Continue Its Gov't Bond Buying Program Through 2021

... help plug the government's deficit gap, Governor Perry Warjiyo said ... law last March, revising state budget and central bank laws to ... the government to ditch a deficit cap op 3 percent of ... year, the government aimed a deficit of Rp 1,006 trillion ...

Bank Indonesia Eyes 9% Loan Growth in 2021, Pledges to Keep Interest Low

... increase, while the current account deficit declined and foreign capital flowed ... help plug the 2021 State Budget deficit and macroprudential policies, which would ...

Gov't Projects Public Debt at 37% of GDP in 2020

... gotten rid of the state budget deficit cap of 3 percent of ... loan subsidies. “In 2020 the deficit was 6.34 percent of ...

Jokowi Unveils $186b Budget, Focuses Recovery Efforts on IT, Healthcare, Food Security

... an expansive state budget next year with a deficit of 5.5 ... year. That resulted in a deficit of Rp 971 trillion or ... year, the government set a budget deficit at a record 6.3 ... sources," Johnny said. Healthcare Budget Under Indonesian healthcare law required ...

Indonesia Keeps Deficit High in 2021 as Covid-19 Uncertainties Persist

... to widen the 2021 state budget deficit to 5.2 percent of ... said on Tuesday the widening deficit allowed the government to add ... the government to widen the deficit, with one being the speed ... in line with the widening deficit. Indonesia's laws cap education ...

As Money Printer Goes Brrr, The Onus Is Now on Bureaucrats to Spend

... progress of the ministries state budget spending. The economic-first president ... 17 percent of the stimulus budget, and that was not ... amid the pandemic, widened the deficit. The government is now expecting ... of the Rp 204 trillion budget for cash transfer for ...

Second Revision to State Budget Expected as Gov't Expands Covid-19 Relief Package

Jakarta. Indonesia's state budget deficit is set to widen further ... trillion ($74 billion) in deficit, or 6.34 percent of ... revision to the 2020 state budget. "The [first] presidential regulation ... program. The Village Fund budget has also slightly increased to ...

Central Bank Buys $1.6b in Gov't Bonds and Set to Buy More

... country faces a burgeoning state budget deficit due to the rising cost ... Indrawati on Monday said the deficit might reach up to Rp ... more. To counter the expanding deficit, Bank Indonesia (BI) Governor Perry ...