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Can SOEs Contribute IDR 800T to Indonesia While 52% Are Losing Money & Paying IDR 18T in Bonuses?

11:37, 21 Aug 2025

President Prabowo Subianto has placed a new burden on State-Owned Enterprises (SOEs), requiring them to contribute US$50 billion—or approximately Rp809 trillion (assuming an exchange rate of Rp16,180 per US dollar)—to state revenue. Prabowo argued that with total SOE assets

Sri Mulyani Targets 'Shadow Economy' Taxes in 2026, Retail Traders Under Spotlight

10:45, 19 Aug 2025

The government plans to intensify efforts to collect taxes from economic activities that have long been difficult to monitor, commonly referred to as the shadow economy, starting in 2026 as outlined in the Financial Notes and the 2026 Draft State Budget (RAPBN). Several business sectors

Indonesia Plans $50 Billion New Debt in 2026 - Whats the Purpose?

10:45, 19 Aug 2025

President Prabowo Subianto plans to secure new debt amounting to Rp 781.87 trillion in 2026. The government assured that debt management will continue to follow prudent principles, prioritizing innovative and sustainable financing. “In the 2026 State Budget Draft (RAPBN), debt financing is pr

Sri Mulyaniâ€™s Bold Strategy to Secure $150 Billion Without Raising Taxes

10:45, 19 Aug 2025

The government has set a tax revenue target of IDR 2,357.71 trillion in 2026, out of a total projected state revenue of IDR 3,147.68 trillion. This represents a 13.51% increase from the 2025 target of IDR 2,076.9 trillion. The target assumes economic growth of 5.4% and inflation at 2.5%

Prabowo's First State Budget: Debt Rising, Paying Interest with More Loans?

13:06, 18 Aug 2025

President Prabowo Subianto’s administration is forced to adopt a borrow-to-pay strategy to maintain fiscal stability amid declining tax revenues, rising debt ratio risks, and the swelling allocation for interest payments. According to the 2026 State Budget Financial Note (RAPBN), the governmen

India Cuts Taxes to Counter Trump Tariffs, Economy Set to Accelerate

13:06, 18 Aug 2025

The Indian government is hopeful that the consumption tax cuts announced by Prime Minister Narendra Modi will boost the economy without worsening the fiscal deficit, ultimately offsetting losses from higher U.S. tariffs. According to Bloomberg on Monday (August 18, 2025), officials in New Delhi said

Indonesia's 2026 Education Budget Hits Rp750 Trillion: 22 Million Students Get Scholarships

11:46, 16 Aug 2025

President Prabowo Subianto has delivered the government’s statement on the Draft State Budget (APBN) 2026 and its Financial Note during the Annual Session of the People’s Consultative Assembly/House of Representatives (MPR/DPR RI). This includes the allocation for education.

Indonesia's Economy Grows 5%, But Employee Salaries Rise Only 1%! Why?1

11:53, 14 Aug 2025

The Institute for Economic and Social Research, Faculty of Economics and Business, University of Indonesia (LPEM FEB UI) has found that Indonesia’s economic growth so far has not been optimal in raising workers’ incomes. According to LPEM FEB UI economist Teuku Riefky, durin

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