The State Budget in the Bill on the State Budget for the 2018 Fiscal Year and its Financial Note delivered by President Joko “Jokowi” Widodo before the Plenary Session of the House of Representatives of the Republic of Indonesia is projected to reach Rp1,878,447.3 trillion, consisting of Rp1,609.383.3 trillion of Tax Revenues, Rp267,867.1 trillion of […]

Minister of Finance Sri Mulyani Indrawati thought that a deficit totaling Rp325.936 billion or 2.19 percent in the 2018 State Budget Bill, demonstrates an intention to create a healthier State Budget and to run the functions of allocation and distribution stabilization. The decrease in this budget deficit (compared to the figure in 2017 which was […]

In order to maintain a low, stable inflation rate as a prerequisite for sustainable economic growth, on 8 August 2017, President Joko “Jokowi” Widodo signed a Presidential Decree Number 23 of 2017 on the National Inflation Control Team. The National Inflation Control Team consists of: 1. the Central Inflation Control Team; 2. the Provincial Inflation […]

President Joko “Jokowi” Widodo on Monday (21/8) at the Merdeka Palace hosted an honorary visit from Uzbekistan Deputy Prime Minister Zoyir Mirzaev and his delegates. Speaking to reporters after the meeting, Indonesian Minister of Foreign Affairs Retno Marsudi, who joined the President during the meeting, said that because Uzbekistan Deputy Prime Minister is also Minister […]

The Malaysian Government has apologized for inadvertent error in printing Indonesian flag upside down in the official souvenir booklet of the Opening Ceremony of the 2017 SEA Games. The apology was expressed by Malaysian Youth and Sports Minister Khairy Jamaluddin after conducting a meeting with Indonesian Youth and Sports Minister Imam Nahrawi at the Shangri […]

President Joko ‘Jokowi’ Widodo deplored the misprinting of Indonesian flag in the guidebook of SEA Games’ opening ceremony. The ceremony took place on Saturday (19/8) evening in Malaysia. Therefore, the President awaits official apology from Malaysian Government. “I have deeply regretted the incident. I wait for official apology from Malaysian Government,” President Jokowi spoke to […]

President Joko “Jokowi” Widodo argued that compared with other areas, DKI Jakarta is the most common cases of land disputes. “Land disputes between society and society, between society and company, between society and the Government,” President Jokowi said when delivering Certificate of Land Use Rights of the National Strategy Programs of Greater Jakarta, at the […]

The United Nations Group of Experts on Geographical Names (UNGEGN) has verified the names of 16,056 islands owned by Indonesia. Previously, the Delegation of the Republic of Indonesia had earlier listed the names of 2,590 islands with the UN during the 30th UNGEGN meeting and the 11th UN Conference on Geographical Name Standardization held at […]

President Joko ‘Jokowi’ Widodo accompanied by First Lady Ibu Iriana Joko Widodo, Governor of DKI Jakarta Djarot Saiful Hidayat, Minister of Transportation Budi K. Sumadi, and Minister of Public Works and Public Housing Basuki Hadimuljono, inaugurated Semanggi Interchange, Semanggi, Jakarta, on Thursday (17/8) evening. “With the blessing of God the Almighty, I inaugurate Semanggi Interchange,” […]

The Government has set a target of economic growth for the 2018 fiscal year of 5.4 percent, the inflation rate of 3.5 percent, the rupiah exchange rate against USD at Rp13,500, the average interest rate of the 3-month Government Treasury Treasury Bill of 5.3 percent, the average oil price assumption of USD48 per barrel, oil […]