Indonesia Pledges to Return to Fiscal Discipline by 2023

The video discusses Indonesia's economic challenges, focusing on tax reforms and budget deficits. It highlights the government's plan to manage deficits post-pandemic and the challenges in tax collection. The potential for economic rebound in 2021 is linked to vaccine distribution, with Indonesia having a significant vaccine stockpile. The video emphasizes the importance of maintaining budget discipline to attract international investors and keep credit ratings stable.

What is the target budget deficit cap for Indonesia by 2023?

• 4% of GDP

• 6% of GDP

• 3% of GDP

• 5% of GDP

Why are tax collections expected to be strained in 2021 for Indonesia?

• Owing to a rise in agricultural taxes

• As a result of tax cuts and fiscal incentives during the pandemic

• Because of reduced fiscal incentives

• Due to increased corporate income taxes

Which sectors might see higher tax rates as part of Indonesia's tax reform?

• Manufacturing and construction

• Agriculture and premium health and education services

• Technology and finance

• Tourism and hospitality

What is a crucial factor for Indonesia's economic rebound in 2021?

• Increased foreign investments

• The COVID-19 vaccine rollout

• Expansion of the tourism sector

• Higher oil prices

How is Indonesia managing the cost of the COVID-19 vaccine for its population?

• By reducing healthcare spending

• By shouldering the vaccine costs due to budget flexibility

• Through international loans

• By increasing taxes