Indonesia’s Budget Deficit to Stay Wide, Minister Says

The video discusses the impact of rising oil prices on Indonesia's economy, highlighting both increased revenue and challenges due to declining oil production. It also covers planned tax reforms aimed at boosting government revenue amid the COVID-19 pandemic, with a focus on balancing economic recovery and fiscal discipline. The discussion includes potential delays in implementing certain tax measures and the importance of evaluating the economy's strength. Finally, the video addresses Indonesia's budget deficit targets, emphasizing the need for fiscal discipline while remaining pragmatic in the face of unforeseen challenges.

How does the increase in oil prices affect Indonesia's economy?

• It has no impact on the economy.

• It increases revenue but also presents budget challenges.

• It leads to a decline in oil production.

• It only increases government revenue.

What is the focus of Indonesia's government and Parliament regarding tax reforms?

• Increasing taxes on all citizens.

• Delaying all tax reforms until the economy is stronger.

• Focusing on economic recovery and implementing less controversial measures.

• Implementing all reforms immediately.

What is a potential delay in Indonesia's tax reform plans?

• Introducing a single tax rate for all.

• Eliminating all tariffs.

• Reducing taxes for low-income groups.

• Increasing VAT to 12%.

What is the projected economic growth for Indonesia in 2021?

• Above 5.5%

• Between 4.5% to 5.5%

• Between 2.5% to 3.5%

• Between 3.7% to 4.5%

By when does Indonesia aim to return to fiscal discipline?

• By 2025

• By 2024

• By 2023

• By 2022