Tag
#World Bank
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articleWorld Bank: Coretax Issues and Weak Demand Weigh on Revenue
The World Bank has highlighted a decline in Indonesia’s state revenue due to technical issues with the Coretax system and weak domestic demand. The report warns of limited fiscal space despite the economy still growing by 4.9% in the first quarter of 2024.
Jun 27, 2025
articleGlobal Institutions Agree: Indonesia’s 2025 Growth Stalls at 5%
Several international institutions, including the IMF, World Bank, OECD, and UNCTAD, forecast Indonesia's economy to grow by approximately 5% in 2025.
Jan 21, 2025
articleWorld Bank: Indonesia's Tax Ratio Predicted to Remain at 10% Until 2027
In a report titled Funding Indonesia's Vision 2024, the international institution estimates that Indonesia's tax ratio will only reach 10.2% in 2024, increase slightly to 10.4% in 2025, and remain at 10.5% in 2026-2027.
Dec 19, 2024
articleWorld Bank: VAT Rate Hike Shows Insignificant Effects
A global financial institution, the World Bank, believes that the government's plan to increase the Value Added Tax (VAT) rate from 11% to 12% in 2025 will not significantly impact additional state revenue.
Jun 26, 2024
articleIndonesia's Forex Reserves as of March 2020 Shrinked to USD 121 Billion
Central Bank of Indonesia ( Bank Indonesia/BI) recorded Indonesia's foreign exchange (forex) reserves as of March 2020 decreased by USD 9.4 billion to USD 121 billion from its position as of February 2020.This decline was driven by repayment of government's external debt and intervention by BI during this March, to maintain rupiah exchange rate stability.
Apr 8, 2020
