#contraction

Collection of contraction news, found 347 news.

State spending up 12.2% in 2020: minister

Minister of Finance Sri Mulyani Indrawati said that state spending grew 12.2 percent (yoy) to Rp2,589.9 ...

2020 budget deficit at 6.09 percent of GDP

Indonesia’s budget deficit in the year ending December 31, 2020 reached Rp956.3 trillion, or 6.09 percent of the ...

State revenue records 16.7% year-on-year decline in 2020

As of December 31, 2020, state revenue realization reached Rp1,633.6 trillion, or 96.1 percent of the revised state ...

Vaccine drive would push economic growth to 5%: Hartarto

The administration of COVID-19 vaccines would help Indonesia achieve its economic growth target of 5 percent for 2021, ...

Tofu, tempe record inflation amid soybean price hike: BPS

The Central Statistics Agency (BPS) reported inflation in processed soy products -- tofu and tempe -- in December 2020 ...

Government sets KUR ceiling at Rp253 trillion for 2021

The government has increased the ceiling for the microcredit program (KUR) for 2021 to Rp253 trillion from the ...

Investment in processing industry estimated at Rp323 trillion in 2021

The Industry Ministry has forecast investment in the processing industry to reach Rp323.56 trillion in 2021 based on ...

Finance minister again revises growth forecast to minus 2.2-1.7 %

Finance Minister Sri Mulyani Indrawati again revised the projection for Indonesia's overall economic growth in 2020 ...

Solid public health policy crucial to Indonesia's recovery: World Bank

Indonesia needs solid public health and economic policies to recover from the impact of the COVID-19 pandemic, World ...

COVID-19 handling budget realization reaches 69.3% of 2020 allotment

Budget realization under the COVID-19 Handling and National Economic Recovery (PC-PEN) Program, as of December 14, had ...

Government spending to remain key support for economy: ministry

Government spending will remain the main support for national economic growth amid efforts for recovery, particularly ...

Indef observer projects 2020 fourth-quarter economic growth to improve

Economic observer at the Institute for Development of Economics and Finance (Indef) Bima Yudistira has forecast ...

Minister sees economy inching towards positive growth in Q4

The Indonesian economy is expected to grow in the range of minus 2 percent to positive 0.6 percent in the fourth ...

News Focus

Business circle upbeat about COVID-19 vaccine ending uncertainty

The government believes that national economic recovery will principally hinge on the novel coronavirus disease ...

24,000 microbusiness owners in Ambon city to get govt aid

About 24 thousand microbusiness owners in Ambon, the capital of Maluku province, have been verified to receive ...