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NEWS UPDATES Asean Affairs    August  18,  2017  

Govt targets Rp 1.61 quadrillion in tax revenue in 2018

The government has set a target to collect Rp 1.61 quadrillion (US$120.3 billion) in tax revenue next year, according to the proposed 2018 state budget read by President Joko "Jokowi" Widodo during the House of Representatives plenary session in Jakarta on Wednesday.

The figure is 9.3 percent higher than the amount earmarked in the revised 2017 state budget.

"The government will put forth its best efforts to achieve such a target through various improvement measures and by making use of all national economic potentials while maintaining the investment climate and business stability," Jokowi said.
Read also: House approves 2017 revised budget

The government expects to book Rp 1.88 quadrillion in state revenue next year. State expenditure is set at Rp 2.20 quadrillion and government spending at Rp 1.44 quadrillion, while Rp 761.1 trillion is set aside for regional transfers and village funds.

With the plan, the state budget deficit is estimated to stand at Rp 325.9 trillion, 2.19 percent of the country's gross domestic product (GDP).

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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