#State Budget 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

Minister of Finance Purbaya Confirms 2025 Tax Revenue Shortfall

Minister of Finance Purbaya Yudhi Sadewa has confirmed that tax revenue in 2025 will experience a shortfall. Realization is projected to fall below the APBN target, posing a risk of widening the budget deficit.

Dec 13, 2025

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

The 2024 Tax Target Agreed to Rise Slightly to IDR 1,988.8 trillion

The government and the Working Committee (Panja) of the House of Representatives (DPR) agreed that the tax revenue target for 2024 will increase by IDR 2 trillion to IDR 1,988.8 trillion.

Sep 19, 2023

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

Raising VAT Rate Solves Problems (Not) Without Problems

Instead of raising the VAT rate in 2022 - which will certainly burden the common people, it would be better if the government taxes the wealth of the rich (wealth tax),  which amounts to 1% of the total population, controls 50% of the national assets.   

May 7, 2021

Pandemic, Stimulus and Contraction of Revenue

Not only did it fail to meet the target, but tax revenue in 2020 also contracted 19.7%, which was the biggest contraction throughout the year.

Jan 11, 2021

Pandemic, Recession, and The Fate of Tax This Year

The achievement of the tax revenue target is not a question yet, since being able to reduce the widening of the APBN deficit is a luck enough for them. It is the same with the economic growth target which is far beyond the expectation.  

Aug 12, 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