Indonesia’s economy is expected to perform slightly better in 2020 on the back of improved commodity prices and easing external pressures, economists have said.
In its latest Global Economic Prospect report, the World Bank forecast Indonesia would book 5.1 percent gross domestic product (GDP) growth inRead more..
Indonesia’s 2019 state budget deficit totaled 2.2 percent of gross domestic product (GDP), wider than the government’s target of 1.8 percent due a revenue shortfall of around Rp 207.9 trillion (US$15 billion).
The government collected Rp 1.96 quadrillion in state revenue last year, below itsRead more..
Indonesia’s foreign exchange (forex) reserves rose to US$129.2 billion in December, the highest level in 22 months, driven by inflows from the oil and gas sector and global bonds issuance, Bank Indonesia (BI) announced Wednesday.
The current reserves level, which indicated a $2.6 billion increase from theRead more..
Investors from Japan to the Middle East have pledged to invest billions of US dollars in infrastructure projects, car battery plants and nickel smelters, but experts are pessimistic about whether these investment plans can be realized this year given the bleak outlook of the global and domesticRead more..
The government’s 2019 fiscal position stands in stark contrast with that of the preceding year amid weak global commodity prices and a slowdown in global trade, which contributed to disappointing tax revenue and a wider fiscal deficit.
As of November, this year’s tax revenue – which includesRead more..