Warning Signals for National Finances - Latest Weekly Tempo Edition

News Summary

Several research institutions have released reports depicting the grim state of Indonesia’s economy.

The replacement of officials in the Ministry of Finance is suspected to be related to budget governance matters.

The ISEAI report states that Indonesia’s fiscal condition this year has entered a critical phase.

As an economics journalist, over the past month we have experienced many surprises. What a rollercoaster, so to speak. Unfortunately, they are not pleasant surprises, as almost all incoming reports are gloomy. From the rupiah exchange rate that continues to plummet, oil prices becoming increasingly expensive, to reports from several rating agencies giving bleak signals, everything feels shocking.