#State Budget (APBN)
House proposes non-tax revenue law revision amid shrinking State income sources
The House of Representatives’ (DPR) Finance Commission XI is pushing to revise Law No. 9/2018 on Non-Tax State Revenue (PNBP), citing the shrinking scope of income sources and the need to adapt to changing fiscal realities, particularly after dividends from State-owned enterprises (SOEs) were reclassified under the government’s sovereign wealth fund, Danantara.
Sjafrie proposes increase in TNI operational allowances by 75 percent
Defense Minister Sjafrie Sjamsoeddin has proposed an increase in operational allowances for Indonesian Military (TNI) soldiers by 75 percent.
Praise for Coretax, tax revenue increases significantly in March: Sri Mulyani
The Ministry of Finance has noted that state tax revenue in the first quarter of 2025 was recorded at Rp322.6 trillion (US$20.6 billion), down 18.1 percent compared to the same period last year.
Unstable data delays January 2025 State Budget performance revelation
The Ministry of Finance has eventually revealed the performance of the January 2025 State Budget (APBN) after postponing it for a month.
February 2025 State Budget deficit reaches Rp31.2 T, revenue drops by 20 percent
The Ministry of Finance noted that the State Budget (APBN) deficit in February 2025 reached Rp31.2 trillion (US$1,9 billion) or equivalent to 0.13 percent of Gross Domestic Product (GDP), wider than the January 2025 deficit which was recorded at Rp23.5 trillion (US$1,4 billion) or 0.10 percent of GDP.
Civil society groups spark nationwide protests against Prabowo's policies, criticizing budget cuts and biasness
Thousands of student protesters, united in a movement dubbed "Dark Indonesia", staged simultaneous rallies in Jakarta and a number of regions in the country on Monday, February 17, 2025, criticizing President Prabowo Subianto-Gibran Rakabuming Raka government’s populist policies, in particular budget efficiency and free nutritious meal (MBG) program.
Regions ready to implement Presidential Instruction on budget efficiency
Regional administrations have expressed their readiness to implement Presidential Instruction (Inpres) No. 1/2025 on spending efficiency of the State Budget (APBN) and the Regional Budget (APBD) for the 2025 Fiscal Year, which was approved by President Prabowo Subianto following a Plenary Cabinet Session on January 22, 2025.
Government’s tight budget policy receive mixed responses
Government officials, legislators and public give mixed responses toward the policy of President Prabowo Subianto-Vice President Gibran Rakabuming Raka that has imposed tight policy on operational budgets of ministries and state institutions
Indonesia's 2024 budget deficit lower than latest estimates
Indonesia's budget deficit for the 2024 fiscal year was lower than the government's latest estimate of 2.7 percent of Gross Domestic Product (GDP), a top government official said.