JAKARTA - A 30% slump in Indonesia's tax revenue in the January-February period is fueling concerns over the country's fiscal health, with analysts warning of the risk of a widening deficit as President Prabowo Subianto pushes ambitious welfare programs.
Economy
Indonesia's 30% tax revenue fall early this year sparks fiscal concerns
Fears of widening deficit, rupiah slump as Prabowo pushes costly programs
Indonesian Finance Minister Sri Mulyani Indrawati blamed falling commodity prices for Indonesia's recent poor tax collections, which fell 30% in January and February compared to the same period of 2024. © Reuters
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