Key insights and market outlook
Indonesia's tax revenue reached Rp 1,459 trillion by October 2025, or 70.2% of the annual target of Rp 2,076.9 trillion 3
The Indonesian government is stepping up tax collection efforts through intensification and extensification strategies as the year draws to a close. By October 2025, tax revenue had reached Rp 1,459 trillion, representing 70.2% of the annual target of Rp 2,076.9 trillion 3
The DJP is implementing a multi-faceted approach to optimize revenue collection. This includes data mining, internal data exchange within the Ministry of Finance, and audits and law enforcement actions 1
The overall fiscal position shows a deficit of Rp 479.7 trillion or 2.02% of GDP by the end of October 2025 4
The Ministry of Finance is maintaining a cautious approach to debt management. Vice Minister Suahasil Nazara emphasized that debt financing is being conducted with prudence, flexibility, and discipline to keep debt within safe limits 2
The improved financial market conditions are supporting the government's debt financing strategy through measures like cash buffer management and pre-funding when necessary 2
Tax Revenue Update
Government Debt Issuance
Budget Deficit Report