Indonesia cut corporate taxes and temporarily scrapped a budget deficit cap introduced after the Asian financial crisis to help shield the economy from the coronavirus outbreak.The government will allocate 405.1 trillion rupiah (S24.8 billion) to fight the pandemic, pushing the budget deficit to 5.07% of gross domestic product this year, President Joko Widodo said in a televised speech Tuesday. The corporate tax rate will be lowered this year to 22% from 25%, he saidThe budget deficit cap of 3% of GDP, introduced in 2003, will be relaxed immediately to allow the government to inject stimulus into the economy. The government will revert to the limit in 2023 under a decree signed Tuesday.
No.92 JieFang East Road ,Cangzhou City, Hebei,P.R.China.
CSPG has more than eighteen years history company which located in Lecong Iron and Steel World, a well-known steel distribution center in China, with superior geographical position and convenient water and land transportation.
We are a direct-selling manufacturer specializing in the research and development of spiral steel pipes, steel spiral pipes, anti-corrosion steel pipes inside and outside. Since its inception, the company has been guided by a brand-new thinking of steel pipe product market based on the business philosophy of honesty, pragmatism and knowledge-seeking.