Tax Amnesty Boosts Capital Inflows

Eko Nordiansyah    •    03 November 2016 17:26 WIB
finance and money
Tax Amnesty Boosts Capital Inflows
Illustration (Photo: Antara/Rosa Panggabean), Jakarta: Bank Indonesia (BI) Deputy Governor Perry Warjiyo said capital inflows reached Rp157 trillion in January-October 2016.

"Rp157 trillion until last week," said Perry in Jakarta on Thursday (11/3).

BI believes tax amnesty program will boost capital inflows this year. The central bank predicts around Rp100 trillion will enter Indonesia by the end of the year.

"Rp100 trillon will enter Indonesia by December," Perry continued.

Perry added Indonesia will face several external risks in the near future such as US presidential election and US Federal Reserve rate increase. 

"We will anticipate the risks," he stated.