President Prabowo Subianto

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 04 September 2015 VAT revenue collection has failed to show significant improvement across EU Member States according to the latest figures released by the European Commission on…