Indonesia : Economic and Social Update, October 2005
This October 2005 edition of the Indonesia economic and social update reports that the government moved to address ballooning fuel subsidies and exchange rate instability with a bold policy package. The report emphasizes the importance of a good ma...
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| Format: | Report |
| Language: | English en_US |
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Washington, DC
2021
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| Online Access: | http://documents.worldbank.org/curated/en/379651468043504060/Indonesia-economic-and-social-update http://hdl.handle.net/10986/36674 |
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okr-10986-366742021-12-09T05:10:38Z Indonesia : Economic and Social Update, October 2005 World Bank ACCOUNTABILITY AGRICULTURE BALANCE OF PAYMENTS BANK INDONESIA BANK LOANS BANKING SECTOR BANKING SYSTEM BANKS BARREL BASE YEAR BUDGET SURPLUS CAPITAL ADEQUACY CAPITAL BASE CAPITAL EXPENDITURES CENTRAL BANK COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CRUDE OIL CRUDE OIL PRICE CRUDE OIL PRICES DEBT DECENTRALIZATION DEPOSIT INSURANCE DEPOSITS DEPRECIATION DOMESTIC DEBT ECONOMIC GROWTH EMPLOYMENT EQUITY MARKETS EXCHANGE RATES EXPORT GROWTH EXPORTS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL RATIOS FINANCING SOURCES FISCAL POLICY FIXED CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENT FUEL FUEL CONSUMPTION FUEL PRICE FUEL PRICES GAS EXPLORATION GAS EXPLORATION AND PRODUCTION GAS PRICES GAS SECTORS GDP GDP DEFLATOR GOVERNMENT BONDS GOVERNMENT REGULATION GROSS FIXED CAPITAL FORMATION GROWTH RATE HIGHER OIL PRICES HOUSING INCOME TAX INFLATION INFLATION RATE INTEREST MARGIN INTEREST RATE INTEREST RATES INTERNATIONAL OIL PRICES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT GROWTH KEROSENE LAWS LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENTS M1 M2 M3 MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MONETARY AGGREGATES MONETARY POLICY MONEY SUPPLY MORTGAGE LOANS NET INTEREST MARGIN NOMINAL VALUE OIL OIL AND GAS OIL AND GAS SECTOR OIL IMPORTS OIL PRICE OIL PRODUCTION PORTFOLIO PORTFOLIO INVESTMENT PRICE INCREASES PRIVATE CAPITAL PRIVATIZATION PROFITABILITY PROPERTY TAXES PUBLIC EXPENDITURES REAL GDP REAL INTEREST RATES REFINERY RETURN ON EQUITY RISK PREMIUM ROA ROE STATE BANKS TAX ADMINISTRATION TAX LAWS TAX RATES TAX REVENUES TRADE BALANCE TRANSPARENCY TRANSPORT TREASURY BILL UNEMPLOYMENT UNEMPLOYMENT RATE WORKING CAPITAL YIELD SPREAD This October 2005 edition of the Indonesia economic and social update reports that the government moved to address ballooning fuel subsidies and exchange rate instability with a bold policy package. The report emphasizes the importance of a good macroeconomic policy, investment climate reforms, and effective expenditure management in Indonesia, comprising a continued focus on reducing the government debt burden (as measured by a trend decline in debt to GDP), and depoliticizing domestic fuel prices by linking them to international prices and monetary policy designed to bring inflation in line with regional averages. It also urged that a clear articulation and coordination of policy announcements be a priority. Improvements to the investment climate would be led by reversing the slide in oil and gas exploration and production, concrete measures to address investor concerns including the time and expense to register a company and redressing cumbersome tax administration procedures. A quick clearance of an investment bill that dramatically reduced red tape would send out a strong, highly visible signal to investors. However, the report notes that Indonesia's key challenge may lie in the allocation and management of public expenditures. The government's reduction of untargeted fuel subsidies and their reallocation to capital and social spending represent an unprecedented opportunity to improve the level and quality of growth in the medium term. The government will need to build on budget reforms to improve the link between government priorities (accelerating infrastructure and reducing poverty, for example), improving the efficiency of budget procedures, and reducing leakages. 2021-12-08T14:00:41Z 2021-12-08T14:00:41Z 2005-10 Report http://documents.worldbank.org/curated/en/379651468043504060/Indonesia-economic-and-social-update http://hdl.handle.net/10986/36674 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank Washington, DC Economic & Sector Work Economic & Sector Work :: Economic Updates and Modeling East Asia and Pacific Asia Indonesia |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTABILITY AGRICULTURE BALANCE OF PAYMENTS BANK INDONESIA BANK LOANS BANKING SECTOR BANKING SYSTEM BANKS BARREL BASE YEAR BUDGET SURPLUS CAPITAL ADEQUACY CAPITAL BASE CAPITAL EXPENDITURES CENTRAL BANK COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CRUDE OIL CRUDE OIL PRICE CRUDE OIL PRICES DEBT DECENTRALIZATION DEPOSIT INSURANCE DEPOSITS DEPRECIATION DOMESTIC DEBT ECONOMIC GROWTH EMPLOYMENT EQUITY MARKETS EXCHANGE RATES EXPORT GROWTH EXPORTS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL RATIOS FINANCING SOURCES FISCAL POLICY FIXED CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENT FUEL FUEL CONSUMPTION FUEL PRICE FUEL PRICES GAS EXPLORATION GAS EXPLORATION AND PRODUCTION GAS PRICES GAS SECTORS GDP GDP DEFLATOR GOVERNMENT BONDS GOVERNMENT REGULATION GROSS FIXED CAPITAL FORMATION GROWTH RATE HIGHER OIL PRICES HOUSING INCOME TAX INFLATION INFLATION RATE INTEREST MARGIN INTEREST RATE INTEREST RATES INTERNATIONAL OIL PRICES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT GROWTH KEROSENE LAWS LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENTS M1 M2 M3 MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MONETARY AGGREGATES MONETARY POLICY MONEY SUPPLY MORTGAGE LOANS NET INTEREST MARGIN NOMINAL VALUE OIL OIL AND GAS OIL AND GAS SECTOR OIL IMPORTS OIL PRICE OIL PRODUCTION PORTFOLIO PORTFOLIO INVESTMENT PRICE INCREASES PRIVATE CAPITAL PRIVATIZATION PROFITABILITY PROPERTY TAXES PUBLIC EXPENDITURES REAL GDP REAL INTEREST RATES REFINERY RETURN ON EQUITY RISK PREMIUM ROA ROE STATE BANKS TAX ADMINISTRATION TAX LAWS TAX RATES TAX REVENUES TRADE BALANCE TRANSPARENCY TRANSPORT TREASURY BILL UNEMPLOYMENT UNEMPLOYMENT RATE WORKING CAPITAL YIELD SPREAD |
| spellingShingle |
ACCOUNTABILITY AGRICULTURE BALANCE OF PAYMENTS BANK INDONESIA BANK LOANS BANKING SECTOR BANKING SYSTEM BANKS BARREL BASE YEAR BUDGET SURPLUS CAPITAL ADEQUACY CAPITAL BASE CAPITAL EXPENDITURES CENTRAL BANK COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CRUDE OIL CRUDE OIL PRICE CRUDE OIL PRICES DEBT DECENTRALIZATION DEPOSIT INSURANCE DEPOSITS DEPRECIATION DOMESTIC DEBT ECONOMIC GROWTH EMPLOYMENT EQUITY MARKETS EXCHANGE RATES EXPORT GROWTH EXPORTS FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIATION FINANCIAL MARKETS FINANCIAL RATIOS FINANCING SOURCES FISCAL POLICY FIXED CAPITAL FOREIGN CURRENCY FOREIGN EXCHANGE FOREIGN INVESTMENT FUEL FUEL CONSUMPTION FUEL PRICE FUEL PRICES GAS EXPLORATION GAS EXPLORATION AND PRODUCTION GAS PRICES GAS SECTORS GDP GDP DEFLATOR GOVERNMENT BONDS GOVERNMENT REGULATION GROSS FIXED CAPITAL FORMATION GROWTH RATE HIGHER OIL PRICES HOUSING INCOME TAX INFLATION INFLATION RATE INTEREST MARGIN INTEREST RATE INTEREST RATES INTERNATIONAL OIL PRICES INTERNATIONAL RESERVES INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT GROWTH KEROSENE LAWS LIQUIDITY LOCAL GOVERNMENT LOCAL GOVERNMENTS M1 M2 M3 MACROECONOMIC MANAGEMENT MACROECONOMIC POLICY MONETARY AGGREGATES MONETARY POLICY MONEY SUPPLY MORTGAGE LOANS NET INTEREST MARGIN NOMINAL VALUE OIL OIL AND GAS OIL AND GAS SECTOR OIL IMPORTS OIL PRICE OIL PRODUCTION PORTFOLIO PORTFOLIO INVESTMENT PRICE INCREASES PRIVATE CAPITAL PRIVATIZATION PROFITABILITY PROPERTY TAXES PUBLIC EXPENDITURES REAL GDP REAL INTEREST RATES REFINERY RETURN ON EQUITY RISK PREMIUM ROA ROE STATE BANKS TAX ADMINISTRATION TAX LAWS TAX RATES TAX REVENUES TRADE BALANCE TRANSPARENCY TRANSPORT TREASURY BILL UNEMPLOYMENT UNEMPLOYMENT RATE WORKING CAPITAL YIELD SPREAD World Bank Indonesia : Economic and Social Update, October 2005 |
| geographic_facet |
East Asia and Pacific Asia Indonesia |
| description |
This October 2005 edition of the
Indonesia economic and social update reports that the
government moved to address ballooning fuel subsidies and
exchange rate instability with a bold policy package. The
report emphasizes the importance of a good macroeconomic
policy, investment climate reforms, and effective
expenditure management in Indonesia, comprising a continued
focus on reducing the government debt burden (as measured by
a trend decline in debt to GDP), and depoliticizing domestic
fuel prices by linking them to international prices and
monetary policy designed to bring inflation in line with
regional averages. It also urged that a clear articulation
and coordination of policy announcements be a priority.
Improvements to the investment climate would be led by
reversing the slide in oil and gas exploration and
production, concrete measures to address investor concerns
including the time and expense to register a company and
redressing cumbersome tax administration procedures. A quick
clearance of an investment bill that dramatically reduced
red tape would send out a strong, highly visible signal to
investors. However, the report notes that Indonesia's
key challenge may lie in the allocation and management of
public expenditures. The government's reduction of
untargeted fuel subsidies and their reallocation to capital
and social spending represent an unprecedented opportunity
to improve the level and quality of growth in the medium
term. The government will need to build on budget reforms to
improve the link between government priorities (accelerating
infrastructure and reducing poverty, for example), improving
the efficiency of budget procedures, and reducing leakages. |
| format |
Report |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Indonesia : Economic and Social Update, October 2005 |
| title_short |
Indonesia : Economic and Social Update, October 2005 |
| title_full |
Indonesia : Economic and Social Update, October 2005 |
| title_fullStr |
Indonesia : Economic and Social Update, October 2005 |
| title_full_unstemmed |
Indonesia : Economic and Social Update, October 2005 |
| title_sort |
indonesia : economic and social update, october 2005 |
| publisher |
Washington, DC |
| publishDate |
2021 |
| url |
http://documents.worldbank.org/curated/en/379651468043504060/Indonesia-economic-and-social-update http://hdl.handle.net/10986/36674 |
| _version_ |
1764484694268706816 |