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February 2018

Month

Pertamina decided to raise the price of fuel oil (BBM) nonsubsidized. The increase in fuel prices is one of them caused by the increase of world oil price. Responding to this, Coordinating Minister for Economic Affairs Darmin Nasution said the rise in fuel prices due to a surge in oil prices could have an impact...
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The Directorate General of Taxes at the Finance Ministry said tax revenues grew 12 percent in January 2018. The recovery conditions, one of which is sustained by the improvement of the Indonesian economy. “Reception grew 12 percent in January 2018. So that’s pretty good, hopefully next month (February) is still up,” said Director General (Director...
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Today elected representatives take the tough decisions about public finances behind closed doors. In doing so, democratic politicians rely on the advice of financial bureaucrats, who, often, cater to the political needs of the elected government. Politicians rarely ask voters what they think of budget options. They are no better at explaining the reasons for...
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The total government debt is predicted to exceed Rp 5,000 trillion by 2020. Debt will continue to swell if the government does not implement policy reforms in debt management. In response to these estimates, Director of Strategy and Debt Portfolio of Directorate General of Financing and Risk Management (DJPPR) of the Ministry of Finance, Schneider...
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Indonesia, currently the 18th-largest economy in the world, is experiencing remarkable economic growth. After the Asian Financial Crisis of the late 1990s halted a booming economy fostered by the Suharto government, Indonesian macroeconomic indicators started to come back on track in the mid 2000s. Although the Asian Financial Crisis had disastrous consequences (especially on the poorer urban segments...
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Indonesian President Joko Widodo and Prime Minister Shinzo Abe Source : Japan Times
Indonesian President Joko Widodo and Prime Minister Shinzo Abe Image Source : Japan Times Indonesia’s economy is in a stronger position as it enters 2018, bolstering President Joko Widodo as the nation gears up for elections. Having notched up growth above 5 percent in every quarter so far this year, the economy is forecast by the government to...
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