#State Budget Posture

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

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

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

Reaching 88% in September, Sri Mulyani is Confident the 2022 Tax Target will be Surpassed

The realization of tax revenues has reached 88.3% of the target in the Revised 2022 State Budget or stated in Presidential Regulation Number 98 of 2022, amounting to IDR 1,484.96 trillion. The tax revenue target in the Revised 2022 State Budget indeed exceeds the target in the 2022 State Budget which is set at IDR 1,265 trillion

Oct 24, 2022

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

Sep 15, 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

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

May 19, 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

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