A curated roundup of the most important events business leaders need to know to start the day.
Citing OECD data, in 2023 Indonesia’s tax ratio stood at 12%. This figure is still below that of other countries, such as Malaysia (13.1%), Singapore (13.7%), China (20.4%), South Korea (28.9%), and Japan (34.4%).
The government has set a tax revenue target in the Draft State Budget (APBN) 2026 at IDR 2,357.7 trillion, an increase of 13.5% from the 2025 tax revenue outlook of IDR 2,076.9 trillion.
Amid limited fiscal space, the president wants to immediately accelerate the fulfillment of promises through eight priority agendas and a 5.4% economic growth target.
Regardless of the various debates regarding President Prabowo Subianto’s claim that the unemployment rate continues to decline, one solution that can be offered to genuinely reduce unemployment is, among other things, by strengthening the middle class.
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