Policy and Governance
A glimpse into the minds of visionary leaders driving corporate giants and redefining success.
SKK Migas opens up opportunity for cooperatives to manage oil wells
Head of The Upstream Oil and Gas Regulatory Task Force (SKK Migas), Djoko Siswanto, has opened up the opportunity for cooperatives to manage oil wells that have been illegally drilled by the communities without permission.
Prabowo orders for ministerial budget slash, decreaseon overseas trips
President Prabowo Subianto has given special instructions to Minister of Finance Sri Mulyani Indrawati to slash ceremonial activities and overseas trips from each ministerial budget in order to save the State Budget.
Minister seeks budget up to Rp20 T to build properties for human rights programs
Minister of Human Rights Natalius Pigai has sought a budget increase from the current Rp64 billion (US$4 million) to Rp20 trillion (US$1.2 billion) that will be used to establish an international class human rights university, laboratory and hospital.
Celios warns of potential budget swell from Prabowo’s expanded cabinet
The Center of Economic and Law Studies (Celios) has projected that Indonesia's state budget could increase by Rp1.95 trillion (US$126 million) over the next five years due to President-elect Prabowo Subianto's plan to expand his cabinet with hundreds of ministerial, deputy ministerial, and agency head positions.
Lower budget for IKN development under Prabowo-Gibran administration: Sri Mulyani
Indonesia's 2025 budget for the development of the new capital Nusantara (IKN) is set at Rp143.1 billion (US$9.2 million), significantly lower than the infrastructure support provided in 2022.
Indonesia to generate US$190.5 billion revenue in 2025 State Budget
Indonesia is anticipated to generate Rp2,996.9 trillion (US$190.5 billion) in 2025 state revenue, consisting of tax revenue at Rp2,490.9 trillion (US$158 billion) and non-tax state revenue (PNBP) at Rp505.4 trillion (US$32 billion, while maintaining the investment climate and environmental sustainability as well as accessibility of public services.