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The Indonesian government, through the Ministry of Finance, plans to increase Regional Transfer Fund (TKD) allocations starting from the 2027 fiscal year for regions that successfully keep their personnel spending below 30%. This policy aims to foster fiscal efficiency and optimize regional budgets for better development and public services.
Finance Minister Purbaya Yudhi Sadewa faces parliamentary pressure over alleged 'reckless spending' in the 2026 budget. Critics highlight the importance of fiscal accountability amid global economic challenges.
The Indonesia Investment Authority (INA) opts to retain its stakes in state-owned enterprise (SOE) banks in 2026, underscoring a long-term strategy amidst global capital market volatility. This decision is driven by a strong belief in the fundamental strength of SOE banks as key pillars of national economic stability.
By 2026, Indonesia's digital tax collection system, implemented since August 2024, has reached full maturity, with the DJP's infrastructure and applications ready to support e-commerce revenue collection. This system has boosted state revenue and fostered fairer competition within the digital sector.
Rostov-on-Don in Russia is experiencing severe gasoline shortages, sparking nationwide concerns. Supplies are dwindling due to significant production cutbacks at several key oil refineries, threatening local economies and daily life.
The Indonesian government targets a surge in cocoa exports to 120,000 tons annually and a significant increase in Crude Palm Oil (CPO) shipments to Belarus by 2026. This move is a market diversification strategy and aims to strengthen economic ties with Eastern Europe, with a strong emphasis on product sustainability.
The Ministry of Agriculture has set a new reference price of Rp19,500/Kg for live broiler chickens, effective July 15, 2026, to stabilize farmer incomes. This policy aims to protect farmers from extreme price fluctuations but may potentially affect retail prices for consumers.
The Directorate General of Taxation (DGT) of the Ministry of Finance confirms that the tax on BPJS Ketenagakerjaan's Old Age Security (JHT) withdrawals remains in effect for 2026 as a Final Income Tax. This decision aims to maintain national fiscal stability and tax equity principles, despite ongoing debate from workers.
The Jakarta Provincial Government announced 2,843 new job vacancies exclusively for Jakarta ID card holders, attracting over 100,000 applicants within a single day in early 2026. This overwhelming response highlights the fierce competition in the capital's job market and the provincial government's commitment to strengthening the local economy.