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

... decided to widen the 2021 state budget deficit to 5.2 percent of ... scheduled to submit the 2021 state budget proposal to the House of ... the purpose of the 2021 state budget is not only to ... least 20 percent of the state budget, while healthcare spending must reach ...

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

... day progress of the ministries state budget spending. The economic-first ... amid the pandemic, widened the deficit. The government is now ... expecting ts deficit to widen to 6. ... six months fo finance the deficit after issuing sovereign bonds ...

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

Jakarta. Indonesia's state budget deficit is set to widen ... trillion ($74 billion) in deficit, or 6.34 percent of ... second 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

... the country faces a burgeoning state budget deficit due to the rising cost ... Indrawati on Monday said the deficit might reach up to Rp ... will increase state spending even more. To counter the expanding deficit, Bank ...

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

... government to post its biggest deficit in at least three ... ago, the government's deficit target was Rp 853 trillion ... 2020 presidential decree about the state budget. President Joko "Jokowi" Widodo ... said that to close the deficit, the government would continue ...

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

... the government to exceed the state budget deficit cap of three percent ... carefully with the new budget and refrain from incurring ... new 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 ... payment by state banks. "That's because state-owned banks ... Tobacco excise tax payment and state banks' dividend payment won' ... growth. The original 2020 state budget projected a growth of 5 ...

Blow to the Budget: Gov't Expects Deficit as Covid-19 Stimulus Erodes Revenue

... 52 billion blow to its budget this year – the highest ... largest economy, eroding the state revenue as the government is ... the figure in the 2020 state budget. Taxation revenue is likely ... state budget, Sri Mulyani said. As a result, the 2020 state budget deficit ...

Indonesia Drops 3% Budget Deficit Cap for $25b Covid-19 Stimulus

... a safety switch on its state budget put in place after ... and debts to the 2020 state budget. "The government has decided ... total increase in spending and state budget financing for Covid-19 ... Rp 307 trillion deficit in this year's initial state budget, equal to ...

Gov't to Reallocate Up to $1.79b From State Budget for Covid-19 Relief

... to $650 million, from the state budget for Covid-19 relief. The ... , for Covid-19 relief. "The state budget's priorities right now are ... increase Indonesia's current account deficit this year, partially because Chinese ...