# macroeconomics

Latest news group about macroeconomics.

How to Respond to Government Spending Cuts

President Prabowo wants his government to take some cost-cutting measures, but such step can worsen corruption and affect other sectors.
Opinion 20 hours ago

Stop Relying on Seasonal Factors for Economic Growth

Our economic growth is heavily dependent on seasonal factors such as religious holidays, year-end shopping booms, and even elections.
Opinion Feb 10, 2025 | 7:21 am

What We Know About Danantara, Indonesia’s Second Sovereign Wealth Fund

The law mandates Danantara to secure at least Rp 1,000 trillion ($61.3 billion) in startup funding from state investments.
Business Feb 5, 2025 | 6:29 am

Electricity Tariff Discount Leads to Deflation in January

This deflation occurred despite price increases in certain commodities, such as chili, and inflationary pressures on food and beverages.
Business Feb 3, 2025 | 3:49 pm

Sri Mulyani Says Rupiah Remains Strong Despite Depreciation Against Dollar

The rupiah weakened by 1.14 percent against the dollar this month but she said the trend was shared by many currencies in the region.
Business Jan 24, 2025 | 9:41 pm

Prabowo Imposes Austerity Budget to Save Rp 306 Trillion as Free Meal Program Gains Pace

The free meal program’s original budget of Rp 71 trillion for 2025 will now be increased by another Rp 100 trillion.
Business Jan 23, 2025 | 11:26 pm

Prabowo Demands Kadin’s Support for 8% Economic Growth as He Welcomes New Leader

Since taking office last October, Prabowo has prioritized the economic growth target as the cornerstone of his administration’s policies.
Business Jan 16, 2025 | 8:52 pm

Airlangga Says 10 Million Indonesians Prefer to Shop in Foreign Nations

Nevertheless, Airlangga underlined that Indonesia’s consumption index remains robust and continues to be a key driver of economic growth.
Business Jan 15, 2025 | 11:04 pm

Airlangga Provides Positive Outlook on Indonesian Economy for 2025

He said Indonesian exports will continue to increase due to rising global demands for steel, palm oil, and coal.
Business Jan 15, 2025 | 11:03 pm

Key Interest Rate Cut to Boost Purchasing Power: Minister

Bank Indonesia has lowered its benchmark interest rate by 25 basis points to 5.75 percent.
Business Jan 15, 2025 | 9:13 pm

Indonesia's 2024 Budget Ends with Rp 507 Trillion Deficit

Sri Mulyani praised the figure as "impressive," noting that it significantly outperformed earlier government projections.
Business Jan 6, 2025 | 3:44 pm

Sri Mulyani Announces Rp 265T Economic Stimulus to Offset VAT Hike Impact

Wage subsidies, first introduced during the Covid-19 pandemic, will be reintroduced in the stimulus package.
Business Jan 1, 2025 | 3:55 am

Federal Reserve Set to Cut Key Rate But Consumers Might Not Feel Much Benefit Anytime Soon

Inflation has remained stuck above the Fed's 2 percent target in recent months while the economy has continued to grow briskly.
Business Dec 18, 2024 | 8:45 pm

From Premium Beef to Elite Schools: 12 Pct VAT to Apply to Luxury Goods

The upcoming 12 percent value-added tax or VAT would apply to luxury goods and services.
Business Dec 16, 2024 | 4:33 pm

These Commodities and Services Are Exempt from VAT

Wheat flour, industrial-use sugar, and the government's cooking oil brand "Minyak Kita," will continue to be taxed at the current 11% VAT.
Business Dec 16, 2024 | 2:23 pm

State Budget Sees $25B Deficit in November

In the same period, state spending grew at a faster pace, totaling Rp 2,894.5 trillion ($181.7 billion), a 15.3 percent y-o-y increase.
Business Dec 11, 2024 | 5:28 pm

Prabowo Needs $900 Billion Investment for His 8 Pct Growth Dream

The economy could grow by 8.3 percent in 2027 as long as realized investments reach Rp 2,680 trillion that year.
Business Dec 9, 2024 | 12:44 pm

VAT Hike: Gov’t Told to Explain What Classifies as Luxury Goods

The government has yet to explain what sort of luxury goods would be subject to the upcoming VAT hike.
Business Dec 9, 2024 | 9:04 am

Basic Commodities, Healthcare, and Education Exempt from VAT

The new 12 percent VAT rate, set to take effect on January 1, will apply exclusively to luxury goods and services, Dasco explained.
Business Dec 7, 2024 | 1:54 am

Prabowo: VAT Hike to Focus Exclusively on Luxury Goods

The hike, mandated by existing legislation, is scheduled to take effect on January 1, 2025.
Business Dec 6, 2024 | 9:06 pm

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