Indonesia Economic Quarterly, March 2015 : High Expectations

Effective January 1, 2015, Indonesia’s new government took the decisive step of implementing a new fuel pricing system, dramatically reducing gasoline and diesel subsidy costs. This paved the way for the government’s first budget, passed in February, to shift spending towards development prioriti...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	Washington, DC 2015
Subjects:	TOTAL REVENUE PURCHASE PRICE MONETARY POLICY RISKS GOVERNMENT EXPENDITURES ECONOMIC GROWTH COMMODITY EXPORT PRICE LEVELS PRODUCTION PRICE INCREASES DEFLATION PHILLIPS CURVE INCOME MACROECONOMIC MANAGEMENT PROJECTIONS EXPECTATIONS INTEREST RATE REAL GDP EXCHANGE CORPORATE PROFITS GDP PER CAPITA LIQUIDITY EXPORTS PRODUCTION INCREASES PORTFOLIO FISCAL POLICY WELFARE RISK PREMIUM BONDS GROSS VALUE INCENTIVES MACROECONOMIC CONDITIONS VARIABLES PRICING SUBSIDY PRICE BENCHMARKS INPUTS RETURNS TO SCALE PAYMENTS WEALTH CENTRAL BANKS INFLATION TRENDS CENTRAL BANK MARKET PARTICIPANTS DEVELOPMENT MACROECONOMIC STABILITY TRADE BALANCE TOTAL FACTOR PRODUCTIVITY COSTS EXPORT GROWTH RENT CONSTANT RETURNS TO SCALE PRODUCTIVITY CRITERIA DEBT MARKETS NET EXPORTS POTENTIAL OUTPUT TRADE POLICY TAX REVENUES REAL INTEREST RATE INVENTORIES NATURAL RESOURCES BANK CREDIT AVERAGING GROSS DOMESTIC PRODUCT SUBSIDIES COMMODITY PRICE TAXES FISCAL DEFICIT PROFIT MARGIN UNEMPLOYMENT INCOME TAXES COMMODITY EXPORTS PRODUCTIVITY GROWTH CONSUMPTION GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL OPPORTUNITY COST CAPITAL WAGES WHOLESALE PRICES ECONOMIC OUTCOMES UNEMPLOYMENT RATE FINANCIAL CRISIS VALUE COMPETITIVENESS CREDIT MACROECONOMICS TRADE DEFICIT DEMAND AGGREGATE DEMAND EXCESS DEMAND ECONOMY AGRICULTURE CONSUMERS MEASUREMENT SHARES BENCHMARK MONETARY POLICIES PRODUCTION FUNCTION OUTPUT GOVERNANCE TAXATION TRADE GOVERNMENT BONDS GDP ECONOMIC ASSUMPTIONS GOODS ECONOMIES OF SCALE BANK LOANS FINANCIAL MARKET GROWTH RATE ECONOMIC EXPANSION INVESTMENT NATURAL RESOURCE SHARE COMPARATIVE ADVANTAGE ECONOMIC INFORMATION SUPPLY ECONOMIC TRENDS REVENUE CONSUMER PRICE INDEX TOTAL OUTPUT GDP DEFLATOR COMMODITY PRICES OUTCOMES COMMODITY PRICES BENEFITS PRODUCTION COSTS DEVELOPMENT POLICY
Online Access:	http://documents.worldbank.org/curated/en/2015/07/24848194/indonesia-economic-quarterly-high-expectations http://hdl.handle.net/10986/22505

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spelling	okr-10986-225052021-04-23T14:04:09Z Indonesia Economic Quarterly, March 2015 : High Expectations World Bank TOTAL REVENUE PURCHASE PRICE MONETARY POLICY RISKS GOVERNMENT EXPENDITURES ECONOMIC GROWTH COMMODITY EXPORT PRICE LEVELS PRODUCTION PRICE INCREASES DEFLATION PHILLIPS CURVE INCOME MACROECONOMIC MANAGEMENT PROJECTIONS EXPECTATIONS INTEREST RATE REAL GDP EXCHANGE CORPORATE PROFITS GDP PER CAPITA LIQUIDITY EXPORTS PRODUCTION INCREASES PORTFOLIO FISCAL POLICY WELFARE RISK PREMIUM BONDS GROSS VALUE INCENTIVES MACROECONOMIC CONDITIONS VARIABLES PRICING SUBSIDY PRICE BENCHMARKS INPUTS RETURNS TO SCALE PAYMENTS WEALTH CENTRAL BANKS INFLATION TRENDS CENTRAL BANK MARKET PARTICIPANTS DEVELOPMENT MACROECONOMIC STABILITY TRADE BALANCE TOTAL FACTOR PRODUCTIVITY COSTS EXPORT GROWTH RENT CONSTANT RETURNS TO SCALE PRODUCTIVITY CRITERIA DEBT MARKETS NET EXPORTS POTENTIAL OUTPUT TRADE POLICY TAX REVENUES REAL INTEREST RATE INVENTORIES NATURAL RESOURCES BANK CREDIT AVERAGING GROSS DOMESTIC PRODUCT SUBSIDIES COMMODITY PRICE TAXES FISCAL DEFICIT PROFIT MARGIN UNEMPLOYMENT INCOME TAXES COMMODITY EXPORTS PRODUCTIVITY GROWTH CONSUMPTION GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL OPPORTUNITY COST CAPITAL WAGES WHOLESALE PRICES ECONOMIC OUTCOMES UNEMPLOYMENT RATE FINANCIAL CRISIS VALUE COMPETITIVENESS CREDIT MACROECONOMICS TRADE DEFICIT DEMAND AGGREGATE DEMAND EXCESS DEMAND ECONOMY AGRICULTURE CONSUMERS MEASUREMENT SHARES BENCHMARK MONETARY POLICIES PRODUCTION FUNCTION OUTPUT GOVERNANCE TAXATION TRADE GOVERNMENT BONDS GDP ECONOMIC ASSUMPTIONS GOODS ECONOMIES OF SCALE BANK LOANS FINANCIAL MARKET GROWTH RATE ECONOMIC EXPANSION INVESTMENT NATURAL RESOURCE SHARE COMPARATIVE ADVANTAGE ECONOMIC INFORMATION SUPPLY ECONOMIC TRENDS REVENUE CONSUMER PRICE INDEX TOTAL OUTPUT GDP DEFLATOR COMMODITY PRICES OUTCOMES COMMODITY PRICES BENEFITS PRODUCTION COSTS DEVELOPMENT POLICY Effective January 1, 2015, Indonesia’s new government took the decisive step of implementing a new fuel pricing system, dramatically reducing gasoline and diesel subsidy costs. This paved the way for the government’s first budget, passed in February, to shift spending towards development priorities, especially infrastructure, the allocation for which is double the 2014 outturn. Successful implementation of the bold vision of the budget, however, will require overcoming administrative constraints to spending and dramatically lifting revenue collection performance. Achieving this, and having the benefits flow through into faster economic growth and poverty reduction, is likely to take time, especially with the pace of sustainable economic growth having slowed, due partly to lower commodity prices. Beyond the fiscal sector, reforms taken in the first months of the government’s term in key areas such as investment licensing also face complex challenges to make operational. The government has signaled its strong reform intentions, and raised expectations. Early progress will now need to be consolidated by effectively implementing major reforms and the budget posture, against a still-challenging global economic backdrop for Indonesia. 2015-08-19T16:19:20Z 2015-08-19T16:19:20Z 2015-03 Report http://documents.worldbank.org/curated/en/2015/07/24848194/indonesia-economic-quarterly-high-expectations http://hdl.handle.net/10986/22505 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 Indonesia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	TOTAL REVENUE PURCHASE PRICE MONETARY POLICY RISKS GOVERNMENT EXPENDITURES ECONOMIC GROWTH COMMODITY EXPORT PRICE LEVELS PRODUCTION PRICE INCREASES DEFLATION PHILLIPS CURVE INCOME MACROECONOMIC MANAGEMENT PROJECTIONS EXPECTATIONS INTEREST RATE REAL GDP EXCHANGE CORPORATE PROFITS GDP PER CAPITA LIQUIDITY EXPORTS PRODUCTION INCREASES PORTFOLIO FISCAL POLICY WELFARE RISK PREMIUM BONDS GROSS VALUE INCENTIVES MACROECONOMIC CONDITIONS VARIABLES PRICING SUBSIDY PRICE BENCHMARKS INPUTS RETURNS TO SCALE PAYMENTS WEALTH CENTRAL BANKS INFLATION TRENDS CENTRAL BANK MARKET PARTICIPANTS DEVELOPMENT MACROECONOMIC STABILITY TRADE BALANCE TOTAL FACTOR PRODUCTIVITY COSTS EXPORT GROWTH RENT CONSTANT RETURNS TO SCALE PRODUCTIVITY CRITERIA DEBT MARKETS NET EXPORTS POTENTIAL OUTPUT TRADE POLICY TAX REVENUES REAL INTEREST RATE INVENTORIES NATURAL RESOURCES BANK CREDIT AVERAGING GROSS DOMESTIC PRODUCT SUBSIDIES COMMODITY PRICE TAXES FISCAL DEFICIT PROFIT MARGIN UNEMPLOYMENT INCOME TAXES COMMODITY EXPORTS PRODUCTIVITY GROWTH CONSUMPTION GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL OPPORTUNITY COST CAPITAL WAGES WHOLESALE PRICES ECONOMIC OUTCOMES UNEMPLOYMENT RATE FINANCIAL CRISIS VALUE COMPETITIVENESS CREDIT MACROECONOMICS TRADE DEFICIT DEMAND AGGREGATE DEMAND EXCESS DEMAND ECONOMY AGRICULTURE CONSUMERS MEASUREMENT SHARES BENCHMARK MONETARY POLICIES PRODUCTION FUNCTION OUTPUT GOVERNANCE TAXATION TRADE GOVERNMENT BONDS GDP ECONOMIC ASSUMPTIONS GOODS ECONOMIES OF SCALE BANK LOANS FINANCIAL MARKET GROWTH RATE ECONOMIC EXPANSION INVESTMENT NATURAL RESOURCE SHARE COMPARATIVE ADVANTAGE ECONOMIC INFORMATION SUPPLY ECONOMIC TRENDS REVENUE CONSUMER PRICE INDEX TOTAL OUTPUT GDP DEFLATOR COMMODITY PRICES OUTCOMES COMMODITY PRICES BENEFITS PRODUCTION COSTS DEVELOPMENT POLICY
spellingShingle	TOTAL REVENUE PURCHASE PRICE MONETARY POLICY RISKS GOVERNMENT EXPENDITURES ECONOMIC GROWTH COMMODITY EXPORT PRICE LEVELS PRODUCTION PRICE INCREASES DEFLATION PHILLIPS CURVE INCOME MACROECONOMIC MANAGEMENT PROJECTIONS EXPECTATIONS INTEREST RATE REAL GDP EXCHANGE CORPORATE PROFITS GDP PER CAPITA LIQUIDITY EXPORTS PRODUCTION INCREASES PORTFOLIO FISCAL POLICY WELFARE RISK PREMIUM BONDS GROSS VALUE INCENTIVES MACROECONOMIC CONDITIONS VARIABLES PRICING SUBSIDY PRICE BENCHMARKS INPUTS RETURNS TO SCALE PAYMENTS WEALTH CENTRAL BANKS INFLATION TRENDS CENTRAL BANK MARKET PARTICIPANTS DEVELOPMENT MACROECONOMIC STABILITY TRADE BALANCE TOTAL FACTOR PRODUCTIVITY COSTS EXPORT GROWTH RENT CONSTANT RETURNS TO SCALE PRODUCTIVITY CRITERIA DEBT MARKETS NET EXPORTS POTENTIAL OUTPUT TRADE POLICY TAX REVENUES REAL INTEREST RATE INVENTORIES NATURAL RESOURCES BANK CREDIT AVERAGING GROSS DOMESTIC PRODUCT SUBSIDIES COMMODITY PRICE TAXES FISCAL DEFICIT PROFIT MARGIN UNEMPLOYMENT INCOME TAXES COMMODITY EXPORTS PRODUCTIVITY GROWTH CONSUMPTION GROSS FIXED CAPITAL FORMATION HUMAN CAPITAL OPPORTUNITY COST CAPITAL WAGES WHOLESALE PRICES ECONOMIC OUTCOMES UNEMPLOYMENT RATE FINANCIAL CRISIS VALUE COMPETITIVENESS CREDIT MACROECONOMICS TRADE DEFICIT DEMAND AGGREGATE DEMAND EXCESS DEMAND ECONOMY AGRICULTURE CONSUMERS MEASUREMENT SHARES BENCHMARK MONETARY POLICIES PRODUCTION FUNCTION OUTPUT GOVERNANCE TAXATION TRADE GOVERNMENT BONDS GDP ECONOMIC ASSUMPTIONS GOODS ECONOMIES OF SCALE BANK LOANS FINANCIAL MARKET GROWTH RATE ECONOMIC EXPANSION INVESTMENT NATURAL RESOURCE SHARE COMPARATIVE ADVANTAGE ECONOMIC INFORMATION SUPPLY ECONOMIC TRENDS REVENUE CONSUMER PRICE INDEX TOTAL OUTPUT GDP DEFLATOR COMMODITY PRICES OUTCOMES COMMODITY PRICES BENEFITS PRODUCTION COSTS DEVELOPMENT POLICY World Bank Indonesia Economic Quarterly, March 2015 : High Expectations
geographic_facet	East Asia and Pacific Indonesia
description	Effective January 1, 2015, Indonesia’s new government took the decisive step of implementing a new fuel pricing system, dramatically reducing gasoline and diesel subsidy costs. This paved the way for the government’s first budget, passed in February, to shift spending towards development priorities, especially infrastructure, the allocation for which is double the 2014 outturn. Successful implementation of the bold vision of the budget, however, will require overcoming administrative constraints to spending and dramatically lifting revenue collection performance. Achieving this, and having the benefits flow through into faster economic growth and poverty reduction, is likely to take time, especially with the pace of sustainable economic growth having slowed, due partly to lower commodity prices. Beyond the fiscal sector, reforms taken in the first months of the government’s term in key areas such as investment licensing also face complex challenges to make operational. The government has signaled its strong reform intentions, and raised expectations. Early progress will now need to be consolidated by effectively implementing major reforms and the budget posture, against a still-challenging global economic backdrop for Indonesia.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Indonesia Economic Quarterly, March 2015 : High Expectations
title_short	Indonesia Economic Quarterly, March 2015 : High Expectations
title_full	Indonesia Economic Quarterly, March 2015 : High Expectations
title_fullStr	Indonesia Economic Quarterly, March 2015 : High Expectations
title_full_unstemmed	Indonesia Economic Quarterly, March 2015 : High Expectations
title_sort	indonesia economic quarterly, march 2015 : high expectations
publisher	Washington, DC
publishDate	2015
url	http://documents.worldbank.org/curated/en/2015/07/24848194/indonesia-economic-quarterly-high-expectations http://hdl.handle.net/10986/22505
_version_	1764451200631046144

Indonesia Economic Quarterly, March 2015 : High Expectations

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