{
    "success": true,
    "data": {
        "id": 1681720,
        "msgid": "full-details-content-of-purbaya-and-s-p-discussion-touching-on-taxes-and-budget-deficit-1776336723",
        "date": "2026-04-16 16:45:45",
        "title": "Full Details! Content of Purbaya and S&P Discussion, Touching on Taxes and Budget Deficit",
        "author": "",
        "source": "CNBC",
        "tags": "",
        "topic": "Finance",
        "summary": "Finance Minister Purbaya Yudhi Sadewa detailed a meeting with S&P Global in Washington DC, where the agency inquired about Indonesia's fiscal health, particularly the commitment to keeping the budget deficit below 3% of GDP, which has improved to 2.8% for 2025 following an audit. Purbaya assured S&P of ongoing improvements in tax and excise collections, noting a 30% growth in tax revenue in Q1 2026, and addressed concerns over the debt interest payment ratio exceeding 15% of state income, emphasising continuous monitoring to maintain economic stability. The discussion resulted in S&P confirming a stable outlook for Indonesia's credit rating, highlighting positive responses to recent economic indicators.",
        "content": "<p>Jakarta, CNBC Indonesia - Finance Minister Purbaya Yudhi Sadewa has\nrevealed the outcomes of a meeting between the Ministry of Finance and\nthe rating agency Standard &amp; Poor\u2019s Global (S&amp;P Global) in\nWashington DC, United States, last Tuesday (14 April 2026).<\/p>\n<p>In the meeting, Purbaya explained that S&amp;P Global inquired about\nIndonesia\u2019s fiscal condition. They, according to Purbaya, wanted to\nconfirm the Indonesian government\u2019s commitment to maintaining the\ndeficit below 3% of GDP.<\/p>\n<p>\u201cSo I said we are consistent with that constraint; our president has\ndirected that our deficit is kept below 3% of GDP,\u201d Purbaya stated in an\nofficial video recording released by the Ministry of Finance on Thursday\n(16 April 2026).<\/p>\n<p>Regarding the deficit, Purbaya also conveyed to S&amp;P Global that\nthe fiscal deficit for 2025 has been audited by the LKPP, with the\nresult dropping to 2.8% from the previous 2.9%. According to Purbaya,\nS&amp;P Global\u2019s response to this was very positive.<\/p>\n<p>\u201cThe important thing is that they also see our growth improving\ncompared to the previous quarter and all indicators have improved; that\nmight be the reason they confirmed to me yesterday that our rating\noutlook remains stable,\u201d he explained.<\/p>\n<p>S&amp;P then asked about state revenues, including taxes and excises.\nPurbaya outlined that the Ministry of Finance can control future\nrevenues. Purbaya shared the latest updates on improvements in tax and\nexcise collection, organisational restructuring of customs, and\ntaxes.<\/p>\n<p>He assured S&amp;P Global that the revenue issues are not in a highly\ndangerous condition. He reaffirmed the Ministry of Finance\u2019s commitment\nto improving them going forward.<\/p>\n<p>\u201cIt\u2019s not yet at a stage that is highly dangerous, but we will fix it\nahead in line with improvements in tax and excise collection because we\nhave restructured the tax and customs organisations to improve their\nperformance,\u201d he stated.<\/p>\n<p>Additionally, Purbaya informed S&amp;P Global that tax revenue growth\nreached 30% by the end of Q1 2026.<\/p>\n<p>Purbaya said S&amp;P did not provide specific advice on fiscal\nmatters. However, Purbaya noted that the agency discussed in more depth\nthe ratio of debt interest payments to state income, which is above\n15%.<\/p>\n<p>\u201cThey discussed in more depth that the rating, interest payments,\ncompared to income is above 15%,\u201d he said.<\/p>\n<p>\u201cI said we will continue to monitor that and ensure the economic\ncondition remains good and the fiscal will be maintained and not worsen\nfrom the payment side,\u201d Purbaya added.<\/p>\n<p>Regarding a rating indicating that Indonesia has high risk in the\nAsian region, Purbaya clarified that the assessment referred to a report\nprovided the day before the meeting with S&amp;P.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/full-details-content-of-purbaya-and-s-p-discussion-touching-on-taxes-and-budget-deficit-1776336723",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}