Fiscal
Finance minister assures fiscal safety amid global uncertainty
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Finance Minister Purbaya Yudhi Sadewa urged the public not to panic amid uncertain global conditions, assuring that fiscal and state revenue positions remain safe. He highlighted a Rp 420 trillion Saldo Anggaran Lebih (SAL) as a layered defense. The decision to hold subsidized fuel (BBM) prices steady until the end of 2026 follows direct instructions from President Prabowo Subianto.
Think tank Anif warned that the net debt of Colombia's National Central Government could exceed 71% of GDP in three years, a threshold incompatible with the fiscal rule. It identified public spending rigidity as Colombia's core fiscal issue. Current levels near 58% of GDP recall 19th-century crises.
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Mexico's tax authority SAT revoked authorization from 336 foundations and civil organizations to receive tax-deductible donations in 2026. These groups operate in areas like education, culture, health, and support for vulnerable populations. The move follows identified irregularities in their fiscal compliance.
China's Political Bureau of the Communist Party Central Committee held a meeting on December 8 to analyze and study the economic work for 2026 and review regulations on the Party's leadership over law-based governance. The meeting pledged more proactive fiscal policies and moderately loose monetary policies to promote effective qualitative improvements and reasonable quantitative growth in the economy.