• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Indonesia to form a state revenue ministry, president’s advisor says

by December 1, 2024
written by December 1, 2024

JAKARTA (Reuters) – Indonesia plans to form a state revenue ministry to improve revenue collection, Hashim Djojohadikusumo, brother and a close advisor of President Prabowo Subianto, said on Sunday, according to a report by news portal Detik.com.

The new ministry would manage state revenues, including taxes, excises and mining royalties, Hashim said in a meeting of the Indonesian Chamber of Commerce and Industry.

He didn’t say when the new ministry would be created.

Prabowo would appoint deputy finance minister Anggito Abimanyu to lead the new ministry, according to Hashim.

Among his campaign pledges, Prabowo planned to boost tax revenue to 18% of gross domestic product from around 10% currently, or about $100 billion in additional tax revenue, which included a plan to set up a state revenue agency.

Indonesia’s finance ministry declined to comment on the matter.

Hashim’s team and presidential spokesman did not immediately respond to a Reuters’ request for comment.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Le Pen tells France’s Barnier to negotiate or be felled
next post
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.86%

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • Elon Musk’s SpaceX acquires xAI

      February 25, 2026
    • The architect of Amazon’s supply chain on running a startup with your spouse

      February 25, 2026
    • Trump administration alleges Nike discriminated against white workers

      February 25, 2026
    • Landmark trial accusing social media companies of addicting children to their platforms begins

      February 25, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (688)
    • Stock (6,426)

    Latest News

    • Elon Musk’s SpaceX acquires xAI
    • The architect of Amazon’s supply chain on running a startup with your spouse

    Popular News

    • Israel stocks higher at close of trade; TA 35 up 0.80%
    • Friedrich Vorwerk shares jump on upgraded guidance

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy