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The Budget also demonstrates the governments focus on fiscal consolidation, with a reduction in the fiscal deficit to 5.8% for FY24 vs. a budgeted 5.9%, a further reduction to 5.1% for FY25 and aims to reach a target of below 4.5% by FY26. This is a significant move given that the nominal growth for the current year stands at 9% versus the Budget estimate of 10%.
Aasif Malbari, CFO of Godrej Consumer, discusses the need for stimulus in the rural economy and the potential for a boost in consumption through lower indirect taxation rates on everyday products. He emphasizes the importance of focusing on the consumption side of the economy in the budget, particularly through rural job creation. Additionally, he highlights the need to streamline compliance processes and reduce the cost of doing business to free up resources for the industry and calls for actions that can stimulate investments, such as income tax relief and indirect tax relief for capex inves...
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Anggaran Fokus untuk Kedaruratan Covid-19, Belasan Proyek Infrastruktur di Jabar Disetop Diperbarui 02 Jul 2021, 12:00 WIB 12 Gubernur Jawa Barat Ridwan Kamil. (Liputan6.com/Huyogo Simbolon) Liputan6.com, Bandung - Gubernur Jawa Barat Ridwan Kamil memutuskan untuk menghentikan 11 proyek infrastruktur strategis di Jabar dengan nilai Rp140 miliar. Anggaran tersebut akan digeser untuk menangani situasi kedaruratan Covid-19. Baca Juga "Jadi, kami akan refocusing anggaran karena pasien isoman (isolasi mandiri) yang membutuhkan bantuan kita (pemerintah). Saya sendiri sudah memberhentikan 11 proyek...