Observer: State Budget Still Depends on Foreign Debts
30 August 2014 16:14 WIB
TEMPO.CO, Jakarta - The economic observer of Universitas Indonesia Lana Soelistianingsih said president and vice president-elect Jokowi-JK's government is still covered in debt. This is because the government's income system has not been fully improved. One of the improvements that they could carry out is to implement the online tax system.
According to Lana, it requires such a long time to improve the online tax system. "They need two to three years to fix it."
Lana said Indonesia's tax ratio is low compared to the neighboring countries. "Indonesia's tax ratio is 11.8 percent of gross domestic product (GDP)," she explained. On the other hand, Vietnam has 14 percent tax ratio, Malaysia 16 percent, and Singapore 20 percent.
Therefore, Lana hopes the new government would improve the country's tax income. "I hope the online system could increase [the country's] income."
"The deficit in the 2015 National Budget is Rp257.6 trillion or 2.32 percent against the GDP, lower than the deficit in the 2014 National Budget, 2.4 percent against the GDP," said President Susilo Bambang Yudhoyono (SBY) yesterday.
HUSSEIN ABRI YUSUF
