JAKARTA. Indonesia’s economic growth in this year will likely be overshadowed with several major risks. Even, the domestic economy in this year is potentially to slow down compared with the last year. The newest Economic Quarter Report of the World Bank mentions that Indonesia needs to be cautious of domestic and external risks. From the domestic sides, tax revenues are predicted to miss the target. Head of the World Bank Representative to Indonesia Rodrigo Chaves said, the tax revenues in 2016 were higher than in 2015. However, the regular tax revenues in 2016 would be lower than in 2015 if excluded the contributions of tax amnesty.
Tax misses the target, economy may be stagnant
JAKARTA. Indonesia’s economic growth in this year will likely be overshadowed with several major risks. Even, the domestic economy in this year is potentially to slow down compared with the last year. The newest Economic Quarter Report of the World Bank mentions that Indonesia needs to be cautious of domestic and external risks. From the domestic sides, tax revenues are predicted to miss the target. Head of the World Bank Representative to Indonesia Rodrigo Chaves said, the tax revenues in 2016 were higher than in 2015. However, the regular tax revenues in 2016 would be lower than in 2015 if excluded the contributions of tax amnesty.