Indonesia's govt revenue stabilizes

By Reuters

Aug 14, 2024 12:20 am

JAKARTA — The drop in Indonesian government's revenues stabilized in July, although income from corporate tax for the first seven months of the year remained in contraction, Finance Minister Sri Mulyani Indrawati said on Tuesday.

The government ran a budget deficit that equaled 0.41 percent of gross domestic product (GDP), or 93.4 trillion rupiah ($5.9 billion), for the seven months ended July, the minister said in a press conference, bigger than the 0.34-percent deficit recorded in January to June.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

China to raise deficit, boost spending next year

Toyota to build Lexus EV plant in China

Japan watchdog accuses Google of antitrust violation

Bluesky finds with growth comes growing pains — and bots

Starbucks workers expand strike across US

Stellantis backtracks lay off plan at US Jeep plant

Panel favors US in GMO corn trade row