Tag
#Macroeconomic Assumptions
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article2027 KEM-PPKF Sets State Revenue Target at 12.01% of GDP
Government and House approve the 2027 KEM-PPKF, targeting state revenue of up to 12.4% of GDP and a 1.8%–2.4% budget deficit.
Jul 16, 2026
articleHouse 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
articleGovernment-Parliament Agree on Macroeconomic Assumptions for the 2026 Draft State Budget, Economy Targeted to Grow by 5.4%
Government and DPR agree on 2026 State Budget macro assumptions, targeting 5.4% economic growth with the budget as a stabilization anchor amid global uncertainty.
Aug 23, 2025
articleDiverging 2026 Economic Growth Projections: Finance Ministry, Bank Indonesia, and Bappenas Offer Varying Forecasts
Three state institutions have projected different figures for Indonesia’s 2026 economic growth. The Ministry of Finance, Bank Indonesia, and Bappenas each have their approaches and targets.
Jul 4, 2025
articleBPS Records Indonesia's Economic Growth in 2023 at 5.05%
Statistics Indonesia (BPS) recorded Indonesia's economic growth based on Gross Domestic Product (GDP) cumulatively, at 5.05% on an annual basis or year on year. This growth rate is lower or indicates a slowdown from the 2022 growth rate of 5.31%.
Feb 8, 2024
articleIMF Raises Indonesia's 2023 Economic Growth Projection to 5%
The International Monetary Fund (IMF) raised the outlook for Indonesia's economic growth in 2023 to 5% and 5.1% in 2024.
Apr 14, 2023
articleThe Lowest Since 1999, Indonesia's Economy Growth In The Second Quarter is Minus 5.32%
This economic growth rate was the lowest since the first quarter of 1999, which at the time experienced a contraction of 6.13%. Meanwhile, in the first quarter of 2020, the Indonesian economy could still grow positively 2.97% year on year.
Aug 5, 2020
articleDeficit 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
