The Government will change funding mechanism for its capital expenditure from single year to multi-year funding, especially in budget allocation at the Ministry of Public Works and Public Housing, the Ministry of Transportation, and other Ministries that need large capital expenditures. “The measure is expected to provide fiscal space of Rp59 trillion. It does not […]
President Joko “Jokowi” Widodo installed I Dewa Kade Wiarsa Raka Sandi as a member of the General Elections Commission (KPU) for the 2017-2022 term, at the State Palace, Jakarta, Wednesday (15/4). The installment is based on Decree of President of the Republic of Indonesia Number 38/P of 2020 on ratification of the appointment of member […]
President Joko “Jokowi” Widodo installed Ahmad Riza Patria as the new Jakarta Deputy Governor for the remainder of the 2017-2022 term, at the State Palace, Jakarta, Wednesday (15/4). His inauguration was based on Presidential Decree Number 40/P/2020 on ratification of the appointment of Jakarta Deputy Governor for the remaining term of 2017-2022. Ahmad Riza expressed […]
National industry has been urged to shift their business to producing medical equipment, medicine as well as vitamin, Minister of Industry Agus Gumiwang Kartasasmita has said. “President Joko “Jokowi” Widodo has set a target that medical equipment, medicine and vitamin can be fully supplied by domestic industry. This shows that the Government fully trusts the […]
COVID-19 pandemic has changed Indonesia’s baseline this year rapidly, significantly, even very fundamentally as the pandemic has brought enormous health, social, economic, and financial impacts, Minister of Finance Sri Mulyani has said. “For the country’s GDP, the Government currently estimates it will be under severe and very severe conditions. Indonesia’s baseline which was originally at […]
President Joko “Jokowi” Widodo called on Association of Southeast Nations (ASEAN) member states to unite, synergize, and collaborate to fight against Coronavirus (COVID-19) pandemic. “We don’t have other choice than winning the battle against the virus. Unity, synergy and collaboration are the solutions,” President Jokowi said when attending virtual ASEAN Summit on the COVID-19 Pandemic […]
President Joko “Jokowi” Widodo has reminded his Cabinet to remain vigilant against the continued impact that the COVID-19 pandemic brings on the country’s economy in 2021. “Do carefully calculate the potentials, opportunities, and various risks that may persist both in domestic market and the global market,” the President said on Tuesday (14/4). However, apart from […]
President Joko “Jokowi” Widodo instructed Minister of Home Affairs and Minister of Finance to warn regional heads who have not revised their Regional Budgets for COVID-19 mitigation. “There are 103 regions which have yet to allocate (Regional Budgets) for social safety net program,” President Jokowi said in his introductory remarks at a Plenary Cabinet Meeting […]
Ministry of Finance’s Directorate General of Taxation has announced it will provide incentives for import of goods needed to accelerate the handling of the ongoing COVID-19 outbreak. The incentives are in the forms of exemption of value-added tax (VAT) and Income Tax (PPh) and will apply from April 2020 to September 2020 tax period. Goods […]
Given that the spread of COVID-19 has caused rising number of fatalities and property losses with areas affected getting widespread, as well as extensive socio-economic impacts for the country, the Government has declared the non-natural disaster of the spread of COVID-19 as a national disaster. The decision was stipulated in Presidential Decree Number 12 […]
