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Indonesia Sets Economic Growth at 5.2-5.8 Percent for Next Year

Indonesia Sets Economic Growth at 5.2-5.8 Percent for Next Year

The government proposes a range of macroeconomic indicators for drafting the 2022 budget proposal with an economic growth at between 5.2-5.8 percent.
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Gov't Disburses Investment Worth 313 Trillion Rupiah to Cut Carbon Emissions

Gov't Disburses Investment Worth 313 Trillion Rupiah to Cut Carbon Emissions

Indonesia's total investment needs to support the nationally determined contribution (NDC) in reducing carbon emissions is 4,002 trillion rupiah.
Business
Indonesia to Provide Up to 10 Percent Tax Incentives on Electric Car, Bus Purchases

Indonesia to Provide Up to 10 Percent Tax Incentives on Electric Car, Bus Purchases

A 10-percent VAT incentive would be provided for electric cars and buses with a domestic component level (TKDN) of above 40 percent.
Business
Indonesia's 2022 Budget Deficit at 2.38 Percent of GDP

Indonesia's 2022 Budget Deficit at 2.38 Percent of GDP

The 2022 state budget deficit was recorded at 464.3 trillion rupiahs ($29.7 billion), down 40.1 percent compared to last year's deficit.
Business
Last Year’s Positive Stock Market Performance Capital for 2023: Indonesia Minister

Last Year’s Positive Stock Market Performance Capital for 2023: Indonesia Minister

The government will strive to strengthen the integrity, accountability, and credibility of various economic institutions in 2023.
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