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Berita Hari Ini Sri Mulyani Indrawati

  • Sri Mulyani Indrawati Updates House on Indonesia's 2019 State Budget

    In a speech in front of the House of Representatives (DPR) Indonesian Finance Minister Sri Mulyani Indrawati said the government targets an economic growth rate in the range of 5.4 - 5.8 percent year-on-year (y/y) for 2019. She said this range is a realistic one. Moreover, growth should be inclusive and equal, meaning all people across the nation should see an increase in their welfare. The government will give special focus on the acceleration of growth in eastern Indonesia, border areas, the outermost areas and underdeveloped regions.

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  • Sri Mulyani Indrawati Wins World's Best Minister Award

    Indonesian Finance Minister Sri Mulyani Indrawati is popular not only in Indonesia but also abroad. Over the weekend she accepted the Best Minister in the World Award at the World Government Summit in Dubai. It is not her first award. Earlier, she was awarded the Best Finance Minister in Asia (2006). Moreover, she peaked at 23rd in Forbes' 2008 top 100 most powerful women ranking.

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  • Fiscal Update Indonesia: Budget Deficit at 2.57% of GDP (Unaudited)

    At a news conference on Tuesday (02/01), Indonesian Finance Minister Sri Mulyani Indrawati said Indonesia's unaudited budget deficit reached 2.57 percent of the country's gross domestic product (GDP) in 2017, slightly below expectations at 2.60 percent of GDP, and well below the government's 2.92 percent (revised) target. In 2016 the government budget deficit was recorded at 2.49 percent of GDP.

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  • Sri Mulyani Optimistic about Indonesia's 2018 GDP Growth

    Indonesian Finance Minister Sri Mulyani is optimistic that Indonesia's economic growth in 2018 can exceed the government target of 5.4 percent year-on-year (y/y) as set in the 2018 State Budget, which was approved by Indonesian parliament last week. Her optimism is based on an expected pickup in investment and exports next year.

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  • Difficult for Indonesia to Achieve its 5.2% GDP Growth Target

    In a meeting with Commission XI of Indonesia's House of Representatives (DPR) Indonesian Finance Minister Sri Mulyani Indrawati informed that it will be tough to achieve the 5.2 percent year-on-year (y/y) economic growth target as set in the government's Revised 2017 State Budget. In the first two quarters of the year Indonesia's gross domestic product (GDP) only expanded 5.01 percent (y/y) in each quarter.

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  • Government Proposes to Revise Indonesia's 2017 Budget Deficit

    The Indonesian government proposes to revise the budget deficit in the 2017 State Budget as it eyes an increase in spending but a cut in revenue (less-than-expected tax income) in the remainder of the year. On Thursday (06/07) Indonesian Finance Minister Sri Mulyani Indrawati handed the proposal to Commission XI of Indonesian parliament. The Finance Ministry now sees the shortfall rising to IDR 36.16 trillion (approx. USD $2.7 billion) in the 2017 budget.

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  • Macroeconomic Update Indonesia: Rupiah, GDP & Budget Deficit

    Agus Martowardojo, the governor of Indonesia's central bank (Bank Indonesia), provided some new forecasts with regard to Indonesia's economic growth and rupiah. On Tuesday (06/06) Martowardojo told at a parliamentary hearing that he expects the rupiah to depreciate modestly in 2018, while economic growth should accelerate. Meanwhile, Indonesian Finance Minister Sri Mulyani Indrawati said Indonesia's state budget deficit is estimated to widen slightly more-than-expected in 2017.

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  • Finding a Realistic Tax to GDP Ratio for Indonesia's 2018 Budget

    According to Ken Dwijugiasteadi, Taxation Director General at Indonesia's Finance Ministry, a tax-to-GDP ratio at 11 percent would be realistic for Indonesia's 2018 state budget (but would still require big efforts from the government). In a plenary session of Indonesia's House of Representatives (DPR) earlier this week, regarding the 2018 state budget proposals, some called for a sharp increase in the tax-to-GDP ratio to 13 percent. However, considering the expected tax revenue growth, this ratio would be highly unrealistic.

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  • Indonesian Finance Minister Sri Mulyani Talks Economic Growth

    Indonesian Finance Minister Sri Mulyani Indrawati believes economic growth of Indonesia in 2017 can exceed the target that was set by the central government in the state budget. While the official target in the 2017 State Budget was set at 5.1 percent year-on-year (y/y), Sri Mulyani expects to see the growth rate at 5.2 percent (y/y) on the back of rising consumption and investment, while she predicts an end to the trend of falling imports and exports.

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Artikel Terbaru Sri Mulyani Indrawati

  • Sri Mulyani: Indonesian Economy Needs a Green Growth Model

    Although recently having slowed, Indonesia has experienced solid economic growth over the past ten years, with the country’s gross domestic product (GDP) almost doubling between 2001 and 2012. However, robust economic growth also resulted in significant environmental degradation and accelerated depletion of Indonesia’s natural resources. Sri Mulyani Indrawati, World Bank Group Managing Director (and former Indonesian Finance Minister), emphasized that Indonesia needs to shift from a ‘brown’ to a ‘green’ growth model.

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  • Financial Update Indonesia: Interest Rates, Fuel Subsidies & Inflation

    The central bank of Indonesia (Bank Indonesia) will not lower its key interest rate (BI rate) until accelerated inflation (brought on by the looming subsidized fuel price hike at the end of the year) has eased and US interest rates are stable (the US Federal Reserve may raise its key interest rate in the second or third quarter of 2015). This implies that the relatively high interest rate environment in Indonesia (the key BI rate has been at 7.50 percent for almost a year) will continue (to safeguard financial stability) at the expense of higher economic growth.

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