Indonesia coordinates financial policy; Finance Ministry targets tax leakage and IDX…
- Reports
- 4
- Developments
- 8
- Repetition
- 25%
New informationRepeats or wire copies
What happened
The Finance Ministry, Bank Indonesia, and Financial Services Authority met to coordinate economic interests in Indonesia. Separately, the Finance Ministry began a tax extensification strategy, estimating potential tax leakage of Rp4 trillion to 5 trillion across 40 steel companies. Meanwhile, the Financial Services Authority is preparing rules for the demutualization of the Indonesia Stock Exchange, where the sovereign wealth fund Danantara is reportedly being considered as a strategic shareholder.
Why it matters
The coordination between the Finance Ministry and Bank Indonesia is intended to maintain national stability by aligning fiscal and monetary policies. The tax review aims to expand government revenue, while the potential shift in ownership structure of the Indonesia Stock Exchange could fundamentally change the market's governance.
An Indonesian government spokesperson confirmed that the Finance Ministry and Bank Indonesia must coordinate fiscal and monetary policies for national stability.
Who's involved
- finance ministryResponsible for implementing tax extensification and coordinating fiscal policy
- Bank IndonesiaThe central bank responsible for executing monetary policy in Indonesia
- IndonesiaThe nation where these financial and economic policies are being implemented
- Indonesia Stock ExchangeThe stock exchange undergoing demutualization and potential strategic investment
- Financial Services AuthorityThe regulatory body preparing rules for the demutualization of the Indonesia Stock Exchange
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- finance ministrySpeculative
The Finance Ministry might face increased costs related to internal investigations into suspected misconduct.
- Indonesia Stock ExchangeSpeculative
The Indonesia Stock Exchange could see changes in investment demand and market pricing due to shifts in ownership structure.
- IndonesiaSpeculative
Businesses in Indonesia might face changes in their tax obligations as the Finance Ministry expands its revenue collection efforts.
How this reaches others
Each traced step by step, with the reporting behind itHow it developed
Newest first. Tap a step to see who reported it.- Indonesian products are gaining traction with Japanese consumers, supported by ministry efforts to promote brands in Singapore and strengthening payment connectivity.Sub-event
- Bank Indonesia monitors private sector credit demand and liquidity in securities.Sub-event
- Bank Indonesia and the Financial Services Authority are collaborating on literacy programs and addressing cyber risks in Indonesia.Sub-event
- The finance ministry appealed to employees to refrain from striking.Sub-event
- Government settled decades-old BLBI bond debt with central bank.Sub-event
FM and BI are potential strategic shareholders in the Indonesian market.1 source
Finance ministry in Indonesia begins implementing tax extensification strategy.1 source
Key Indonesian financial bodies (Finance Ministry, BI, OJK) met to coordinate economic interests.1 source
Keep exploring
Part of
Indonesian government spokesperson confirms the finance ministry and Bank Indonesia must coordinate fiscal and monetary policies for national stability.Also in this story
- The central government of Indonesia addressed ongoing fiscal issues while in Makassar.
- Tito Karnavian directed budget proposals to the finance ministry, stressing the need for streamlined budgeting to achieve faster recovery.
- Warjiyo leads coordination efforts to stabilize rupiah.
- Indonesia's Finance Minister, Purbaya Yudhi Sadewa, announced the country's economic targets on June 6th.
The entities involved
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finance ministry
type of ministry responsible for government finances and economic policy
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Bank Indonesia
central bank of the Republic of Indonesia
- Prabowo Subianto's policies are rattling investors in Indonesia, while Bank Indonesia manages currency stability amid global inflation.
- Bank Indonesia has established payment links for cross-border transactions, utilizing QRIS to manage inbound payment trends with partners including Singapore and Thailand.
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Indonesia
island country in Southeast Asia and Oceania
Related events
- The Finance Ministry manages the state budget for the Indonesian economy following recent presidential appointments.
- Finance Ministry reported from Presidential Palace in Jakarta.
- Prabowo Subianto, leading government policy in Indonesia, attended a plenary session in Jakarta discussing plans with the Financial Services Authority.
- BRI operates within the financial sector of Indonesia.
- Mukhamad Misbakhun has been appointed to head the parliamentary financial committee of Indonesia.