After receiving the Best Minister award just two months ago, Sri Mulyani Indrawati has been conferred with one other Minister of Finance Award 2018 by a Hong Kong based publishing house FinanceAsia for the second time in a row.
According to FinanceAsia, Sri Mulyani managed to steer the Indonesian economy onto a positive path and made essentially the most of the chance provided by global economic progress to reform Indonesia’s financial structure in 2017.
FinanceAsia praised Sri Mulyani’s “laser focus” on raising tax revenues, which set her other than her counterparts across Asia. Her concentrate on raising tax revenues was aimed toward reducing reliance on commodity sales, which frequently fluctuate with global prices.
To this end, Sri Mulyani targeted wealthy Indonesians to pay their unpaid taxes. Under her orders, the Directorate General of Taxation intensified enforcement through the infamous hostage a policy by which the federal government held tax evaders hostage until they paid the taxes owed.
Moreover, Indonesia achieved a milestone because the country’s GDP exceeded one trillion dollars in 2017 for the primary time in history, while inflation and exchange rates remained stable.
Based on FinanceAsiaThe survey found that Sri Mulyani beat out rivals corresponding to Singapore’s Heng Swee Keat, who got here second; the Philippines’ Carlos Dominguez got here third; India’s Arun Jaitley got here fourth, and China’s outgoing finance minister Xiao Je got here fifth.
Source: Tempo.co | Jakartapost.com | FinanceAsia.com
