#Deficit

State Budget Deficit May Exceed 3%, Government Prepares Various Scenarios

The state budget (APBN) deficit is projected to potentially exceed 3% due to surging oil prices and a weakening rupiah. The government is preparing various scenarios, including the option of issuing a Government Regulation in Lieu of Law (Perppu), to maintain fiscal stability.

Mar 16, 2026

IMF Proposes Higher Employee Tax Rates, Purbaya Prioritizes Economic Stability

The International Monetary Fund (IMF) has proposed increasing employee income tax (Income Tax Article 21) to help maintain the state budget deficit, but Minister of Finance Purbaya emphasized that the government will not change the rates for now in order to safeguard purchasing power and economic growth.

Feb 19, 2026

House of Representatives Passes 2026 State Budget Law, Here Are the Structure and Targets

The House of Representatives (DPR) has officially passed the 2026 State Budget Law, targeting an economic growth rate of 5.4% and a budget deficit of 2.68% of the country's GDP. See the full details of the budget structure, macroeconomic assumptions, and revenue and expenditure targets here.

Sep 24, 2025

Until August, Tax Revenues Contracted 15.6%

Sep 23, 2020

August Trade Balance Recorded a Surplus of USD 2.33 billion

Statistics Indonesia (BPS) recorded Indonesia's trade balance in August 2020 amounting to USD 2.33 billion.  Meanwhile, the cumulative trade balance for January-August 2020 was USD 11.05 billion.

Sep 17, 2020

Deficit of The 2020 State Budget Extends to 5,07 % of GDP

The deficit widening occurs as the state revenue that may decline by up to 10%, as a result of the correction of tax revenue due to the provision of various tax incentives to stimulate economic activity. Not only that, non-tax revenue (Penerimaan Negara Bukan Pajak/PNBP) will also be eroded along with the fall in commodity prices.

Apr 2, 2020