#State Budget 2020

Until August, Tax Revenues Contracted 15.6%

Sep 23, 2020

Until The First Semester 2020, Tax Revenue Contracted 12%

Jul 10, 2020

Tax Revenue As of April is Negative 3,09%

The realization of tax revenue this time is also inseparable from the impact of the economic slowdown in the first quarter of 2020. As stated by the Central Statistics Agency (BPS), Indonesia's economic growth recorded only grew 2.97% in the first quarter or slowed down compared to the first quarter of 2019 which grew 5.07% and the fourth quarter of 2019 which amounted to 4.97%.

May 27, 2020

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

May 19, 2020

Tax Revenue in March Contracted 2,5 %

The largest contraction occurred in oil and gas income tax (PPh Migas) of 28.6% compared to the same period in 2019, to IDR10.3 trillion. Whereas Non-Oil and Gas Income Tax (PPh non migas) decreased by 0.8% to IDR 231.3 trillion, which indicates pressure on economic activity.

Apr 17, 2020

Ministry of Finance Will Change Mandatory Spending Portion in The State Budget

The adjustment of mandatory budget allocation is a part of the government's efforts to meet the needs of handling the spread of the Corona Virus Disease 2019 (Covid-19). However, the government ensured that some allocations in mandatory budgets, only the portion of education budget that would not change.

Apr 6, 2020