#State Budget

Tax Revenue Grows 24.6% in the First Half of 2026

Tax revenue reached IDR1,035.7 trillion in H1 2026, up 24.6% year on year, helping keep the state budget deficit under control.

Jul 23, 2026

2027 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

Deferral of Tax Refunds: Between Fiscal Stability and Business Pressure

The deferral of tax refunds raises concerns over business liquidity and legal certainty, prompting calls for balanced fiscal policy solutions.

Jul 6, 2026

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

Speeding Ahead at the Start of the Year, January 2026 Tax Revenue Realization Surges 30%

January 2026 tax revenue realization grew by 30% year-on-year. Minister of Finance Purbaya Yudhi Sadewa revealed the factors supporting the increase in tax revenue and the government’s strategy to achieve the 2026 State Budget (APBN) target.

Feb 4, 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

Breakdown of the Government's Rp200 Trillion Funds in Five State-Owned Banks

The government is placing Rp200 trillion from state coffers into five state-owned banks: Mandiri, BRI, BNI, BTN, and BSI. The funds, in the form of a Deposito On Call, are intended to increase banking liquidity and boost the national economy.

Sep 13, 2025

Government-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

2026 State Budget Efficiency: 15 Ministry/Agency Expenditure Items to Be Cut

Starting in 2026, 15 types of expenditures by ministries and government agencies will be cut. See the full list, from office supplies to infrastructure projects.

Aug 10, 2025

The 2023 State Budget Draft's Discussion Led to an Increase in Tax Revenue of IDR 2.9 Trillion

Sep 15, 2022

Government Draws up The State Budget for 2023, Setting The Deficit at 2.85%

After the State Revenue and Expenditure Budget (APBN) deficit for the previous two years was consistently set higher than 3% of Gross Domestic Product (GDP), the deficit for the 2023 State Budget Draft was once more set lower than 3%, at 2.85%, or IDR 598,2 trillion.

Aug 16, 2022

The 2022 Revised State Budget Released, Tax Revenue Increases 17% From The Initial Target

However, in detail, not all types of taxes from these groups have a higher target. Some types of taxes are actually set lower than the previous target, such as the target for Income Tax Article (ITA) 23 which is set at IDR 45.63 trillion or 90.4% lower than before.

Jul 6, 2022

Tax Revenue Returns to Normal Level, State Budget is in Surplus

Minister of Finance Sri Mulyani explained that in general the performance of tax revenue in the first semester of 2022 was supported by rising commodity prices, economic recovery and reduction of tax incentives.

Jul 4, 2022

Russian Invasion, Inflation, and Dilemma of Booming Oil Prices 

Inflation is a current problem of the global community, which at the same time is still struggling to be free from the Corona catastrophe.

May 27, 2022

World Bank: Tax Revenue will be a Post-Pandemic Indonesia Problem

In its latest report, titled Indonesia Public Expenditure Review 2020: Spending for Better Results, the World Bank said the Covid-19 pandemic made government efforts to close the gap on human capital and infrastructure in Indonesia even more difficult. This gap has hampered competitiveness and the ability to create jobs, and reduced poverty.

Jun 25, 2020

Affected by Covid-19 Pandemic, Tax Revenue in May Experienced 10.8% Contraction

Almost all types of taxes experienced a contraction. This is due to economic condition that is depressed by the 2019 Corona Virus Disease (Covid-19) pandemic. Government policy that implements Large Scale Social Restrictions (PSBB) have suppressed the volume of sales of goods and services in various sectors. 

Jun 16, 2020

State Budget Target of 2020 is Again Revised, Deficit Sets to 6,27%

May 19, 2020

Facing Critical Condition, Indonesia Poured Out IDR 405 Trillion to Address Covid-19

the government has budgeted an additional fund of IDR 405,1 trillion to support the extraordinary policy of the Covid-19 pandemic countermeasures, as well as to save economic and stability of the national financial system

Apr 1, 2020