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 ...

Indonesia Eyes Biggest Deficit in Three Decades as the Country Sets to Cut Corporate Income Tax

... from last year. Government budget would be set back by ... presidential decree about the state budget. President Joko "Jokowi" Widodo ... said that to close the deficit, the government would continue with ... 78 trillion from the state budget for biofuel subsidy for ...

House Passes Law Guaranteeing Jokowi's $27b Covid-19 Stimulus

... government to exceed the state budget deficit cap of three percent of ... tread carefully with the new budget and refrain from incurring ... stipulations related to the state budget in this emergency law ... chairman of the House's budget committee, read from Gerindra' ...

Indonesia Sees Rp 76t Deficit in Q1 Budget as Coronavirus Impact Begins to Hit

Jakarta. The Indonesian state budget saw a deficit of Rp 76.4 trillion ... growth. The original 2020 state budget projected a growth of 5 ...