Indonesia expects 4.5-5.2 percent growth in Q1 World

Indonesia expects 4.5-5.2 percent growth in Q1

Indonesian Finance Minister Sri Mulyani Indrawati has projected that the country’s economy will grow 4.5 percent to 5.2 percent in the first quarter of 2022 amid uncertainty about the global economy due to the conflict in Ukraine.
Indonesia to set up 5 billion USD sovereign wealth fund World

Indonesia to set up 5 billion USD sovereign wealth fund

The Indonesian government is preparing 75 trillion Rp (5.1 billion USD) for the nation’s sovereign wealth fund (SWF) to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join.
Indonesia adopts state budget bill into law World

Indonesia adopts state budget bill into law

The Government and House of Representatives of Indonesia passed the 2021 state budget bill into law on October 1, aiming at accelerating economic recovery amid the COVID-19 pandemic and pushing for structural reforms to boost competitiveness.
Indonesia’s budget deficit hits almost 34 billion USD World

Indonesia’s budget deficit hits almost 34 billion USD

Indonesia’s state budget deficit had reached 500.5 trillion Rp (33.96 billion USD) by the end of August, equivalent to 3.05 percent of the country’s gross domestic product (GDP), Finance Minister Sri Mulyani Indrawati said on September 22.
Indonesia’s public debts swell due to COVID-19 ASEAN

Indonesia’s public debts swell due to COVID-19

The Indonesian Ministry of Finance said on June 17 the country’s total public debts hit over 5.2 quadrillion rupiah (5 billion USD) as of May, much higher than the previous month and the same period last year.
Indonesia raises budget deficit to 6.34 percent of GDP World

Indonesia raises budget deficit to 6.34 percent of GDP

The Indonesian Government widened the state budget deficit to 6.34 percent of the gross domestic product (GDP), or 1,039.2 trillion IDR (73.28 billion USD), in the revised state budget 2020, from earlier 5.07 percent, or 852.9 trillion IDR.
Indonesia rolls out 43-bln-USD stimulus for MSMEs, SOEs World

Indonesia rolls out 43-bln-USD stimulus for MSMEs, SOEs

The Indonesian government is rolling out a 641.17 trillion rupiah (43 billion USD) economic recovery stimulus, bigger than previous allocations, to soften the impact of COVID-19 on micro, small and medium enterprises (MSMEs), as well as state-owned enterprises (SOEs).
Indonesia plans to offer more gov’t bonds World

Indonesia plans to offer more gov’t bonds

Indonesia plans to offer 886 trillion rupiah (57.16 billion USD) worth of government bonds in the last three quarters of this year after collecting 221.4 trillion rupiah from auctions in the first quarter.
Indonesia seeks to curb budget deficit World

Indonesia seeks to curb budget deficit

Indonesian Finance Minister Sri Mulyani Indrawati has forecast that Indonesia’s 2020 state budget deficit will potentially widen in the face of current global uncertainties.
Indonesia’s budget deficit rises in 11 months World

Indonesia’s budget deficit rises in 11 months

Indonesia’s budget deficit neared 26.28 billion USD during January - November, or 2.29 percent of the gross domestic product (GDP), compared to 1.8 percent of the GDP during the same period last year.