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Finance Ministry issues four measures to stabilize economy

Thursday, August 29, 2013
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Keywords:Finance Ministry Indonesia

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The Finance Ministry on Wednesday issued four regulations to mitigate currently volatile economic conditions.

The measures consisted of a bonded zone policy relaxation, luxury goods sales tax (PPnBM) adjustments, value-added tax facility adjustments on imports and the delaying of income tax payments for several industries.

“The current global and national economic conditions can disrupt growth, therefore, the government decided to issue these four policies,” Finance Minister Chatib Basri said, as quoted by Antara, on Wednesday.

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