Indonesia's Ministry of Finance, in a keynote speech by Deputy Finance Minister Juda Agung at a KOMPAK seminar in Jakarta, set out priorities for an adaptive and measurable fiscal strategy to protect the 2026 economic outlook from global uncertainty. He pointed to geopolitical tensions as a source of volatility in commodity prices and exchange rates, and as a driver of pressure on government spending, particularly energy subsidies. The speech framed revenue management around four pillars: structurally strengthening the revenue base through fair tax base expansion, optimising new sources of economic activity, and cross-sector data integration to close revenue gaps without burdening compliant taxpayers. It also prioritised risk- and data-based compliance supported by tax administration digitalisation, including use of the Coretax system and data integration with other institutions such as Bank Indonesia and the Financial Services Authority. Further priorities included designing revenue measures in a way that supports investment, job creation and national competitiveness, and upgrading human resources by strengthening integrity and competence alongside improved coordination across units and institutions to avoid siloed implementation.

Original source View in tracker