Indonesia implemented a wide-ranging fiscal restructuring programme in 2025 under President Prabowo that focused on expenditure rationalisation, tighter enforcement and recovery of revenue from illegal economic activity, resulting in an estimated fiscal impact of about $30 billion while keeping the fiscal deficit within the statutory 3 percent ceiling and maintaining stable debt levels.
— last modified 02 April 2020 In its April 2020 monthly package of infringement decisions, the European Commission is pursuing legal action against EU Member States for failing to comply…
— last modified 19 December 2019 The European Parliament and the EU Council reached agreement on 18 December on the creation of the world’s first-ever ‘green list’ – a classification…
— last modified 18 November 2020 The European Commission presented on 18 November its autumn economic policy package, including the Opinions on euro area Draft Budgetary Plans (DBPs) for 2021…
— last modified 05 September 2019 The VAT GAP is the overall difference between the expected VAT revenue and the amount actually collected.AdvertisementWhat is VAT?Value Added Tax (VAT) is a…
— last modified 05 June 2019 The European Commission has taken the next steps in the 2019 cycle of the European Semester of economic policy coordination.AdvertisementCountry-specific recommendationsWhat are the country-specific…
— last modified 01 March 2019 In its annual assessment of the economic and social situation in the EU Member States, the European Commission on 27 February stressed the need…
