Indonesia Mulling ‘Windfall Tax’ on Commodities, Minister Says

Govt is mulling “windfall tax” on commodities, but a decision hasn’t been made, says Coordinating Economic Minister Airlangga Hartarto in Jakarta.

• Don’t know yet whether it will be in the form of new tariffs or tariff increases, he says
  • “Windfall tax” won’t be decided based on short-term price spikes, but instead on whether or not there’s an upward trend in commodity prices
• Govt to focus on spending cuts to maintain a budget deficit limit of 3% of GDP
  • “As long as the war has not reached the 5-month scenario, we are still using the budget efficiency scenario with a maximum ...