Sri Mulyani

Only available on StudyMode
  • Topic: Economics, Tax, Finance minister
  • Pages : 5 (1019 words )
  • Download(s) : 87
  • Published : October 24, 2012
Open Document
Text Preview
---------------------------------------------------------------------------------------------------------------- Sri Mulyani & Important Breakthrough
---------------------------------------------------------------------------------------------------------------- Name: Sri Mulyani Indrawati (SMI)
Date of Birth: August 26, 1962
Education:
* Bachelor in Economics, Universitas Indonesia (1986)
* Master and Doctor in Economics, University of Illnois at Urbana Champaign (1992) Work experiences:
* Executive Director on the board of IMF representing 12 economies in Southeast Asia (2002-2004) * Indonesian Finance Minister (2005-2010)
* Managing Director of the World Bank Group (June 2010-until now) Achievements:
* 23rd most powerful woman in the world and the most powerful woman in Indonesia by Forbes magazine (2008) * Asia’s Finance Minister of the year by Emerging Markets newspaper (2007 and 2008)  * People of the year by SINDO newspaper (2007-2008)

She was chosen because she made an important breakthrough such as increased Indonesian tax revenue, demolition of feral account, effective regulations, inspiring figures, successfully created Good Investment Climate * Tax Revenue

Source : Ministry of Finance
Tax revenue was successfully increased in year 2005-2008, while in 2009 it declined because of the crisis. In the end, it increased again in 2010. Even though tax revenue declined in 2009, Indonesian economic growth was still positive (4.5%) * Investment Climate

SMI said, if government wants to achieve high economic growth, it needs investment climate policy and good infrastructure. * President Instruction Number 3/2006 about Policy Package for Improving the Investment Climate * President Instruction Number 6/2007 about Acceleration of Real Sector Development and Empowerment of Micro, Small and Medium Enterprises (MSMEs) * President Instruction Number 5/2008 about focus of economic programs Responsibility of Minister of Finance, according to President Instruction Number 3/2006

Number | Field | Regulation | Action |
1. | General | a. Strengthen institutional investment services| 9 | | | b. Synchronization of central regulations and local regulations| 1 | | | c. Clear provisions regarding the obligation of EIA| 1 | 2. | Customs tariff | a. Acceleration of the flow of goods| 13 | | | b. Development of Bonded Zone | 4 |

| | c. Eradication of Trafficking | 2 |
| | d. Bureaucratization of customs system | 1 |
Number | Department | Regulation | Action |
3.| Tax | a. Tax incentives for investments | 7 | | | b. Implementation of self assessment consistently | 5 | | | c. Revision of Value added Tax (PPN) policy to promote export | 3 | | | d. Bureaucratization of customs system | 2 |

| | e. Promotion of transparency and disclosure | 3 |
TOTAL | 51 |

Minister of Finance responsible for 51 from total 85 actions. President Instruction Number 6/2007 about Investment Climate Reformation Responsibility | Investment Climate | Financial sector | Infrastructure development | UMKM | Total | | | | | | Actions | % |

Minister of Finance | 21 | 29 | 3 | 7 | 60 | 42.9% |

President Instruction Number 5/2008 about focus of economic programs Responsibility | Investment Climate | Macro and Financial Regulations | Energy Empowerment | Natural Resources, Environment and Agriculture | Implementation of AEC | Infrastructure Development | Labor and Transmigration | Micro, Small and Medium Enterprises (MSMEs) | Total | | | | | | | | | | Action | % |

Minister of Finance | 9 | 13 | 1 | 1 | 2 | 0 | 0 | 1 | 27 | 28.42% |

Tax Reformation
SMI is Minister who conduct lots of reformation in regulation, including fiscal and taxes.

Reform of Customs and...
tracking img