In her Instagram post, cited on Thursday, she noted that this approach aligns with the economic directives issued by President Prabowo Subianto to his aides in the Red and White Cabinet.
Indrawati emphasized that the president had urged his ministers to streamline regulations and shorten bureaucratic processes for businesses.
The minister explained that such simplification is essential to help businesses weather economic uncertainties currently affecting the international community.
The minister further noted that the government remains committed to prudently managing and utilizing the state budget in light of these challenges.
Additionally, she emphasized that the Ministry of Finance would do its utmost to protect Indonesians from the impact of global economic issues, including by strengthening fiscal and monetary macroeconomic policies.
During an economic forum attended by President Prabowo in Jakarta on Tuesday (April 8), the state treasurer outlined four deregulation measures aimed at assisting domestic businesses cope with the 32 percent tariff imposed by the United States on Indonesian products.
Indrawati elaborated that under the first initiative, the Indonesian government plans to reform administrative processes related to taxation and customs.
As the second measure, Indrawati revealed the government's intention to reduce the tax rate on import earnings from 2.5 percent to 0.5 percent.
Additionally, the government will lower import tariffs on US products from the range of 5-10 percent to between 0 percent and 5 percent.
Regarding the fourth measure, the minister promised to adjust tariffs on crude palm oil exports.
She expressed optimism that these measures, once fully implemented, would alleviate the impact of US tariffs on Indonesian business players, reducing their burden to 18 percent.
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Translator: Imamatul S, Tegar Nurfitra
Editor: Azis Kurmala
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