Finance Minister reveals $234 billion plan that avoids new taxes completely
Key Points
- Indonesia's Finance Minister announced a $234 billion budget...
Finance Minister Sri Mulyani Indrawati just pulled off what most politicians only dream about: announcing a massive $234 billion budget without slapping taxpayers with new fees. On Friday, she declared Indonesia won't introduce any fresh taxes in 2026, instead betting everything on internal reforms to juice up that 9.8% revenue increase President Prabowo Subianto is chasing.
The timing couldn't be more interesting. Indonesia's economy surprised everyone with 5.12% GDP growth in Q2 2025, powered by people actually spending money and businesses investing like they mean it. But there's a catch -...
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