Indonesia's 30% tax revenue fall early this year sparks fiscal concerns

Minister of Finance Sri Mulyani Indrawati released the condition of the 2025 State Budget (APBN).

Indonesia's 30% tax revenue fall early this year sparks fiscal concerns

JAKARTA - A 30% slump in Indonesia's tax revenue in the January-February period is fueling concerns over the country's fiscal health, with analysts wa

Analysts warn of the risk of a growing deficit at a time when President Prabowo Subianto promotes ambitious welfare programs

Indonesia’s Tax Revenue Slump Sparks Economic Concerns

Cover Image Attribute: Jakarta Skyline / Source: Abdul Azis, FlickrIndonesia’s fiscal landscape is facing mounting pressure as a dramatic 30% slump in tax revenue during the January- February period of 2025 has sparked widespread concerns over the country’s economic stability. On Thursday, the Ministry of Finance reported that tax revenue, including customs and excise, totaled 240 trillion rupiah ($14.6 billion) for the first two months of the y…

Indonesia posts rare, early budget deficit as revenues slump

Indonesia posted an unlikely budget deficit as of February due to a double-digit drop in state revenues, adding to concerns about the health of government finances this year.