FILE PHOOT: Indonesia's Finance Minister Sri Mulyani Indrawati delivers her speech during the Mandiri Investment Forum in Jakarta, Indonesia, February 11, 2025. REUTERS/Willy Kurniawan/File Photo

JAKARTA (Reuters) -Indonesia will not introduce any new tax in 2026 to support its tax revenue target and the government will instead rely on internal reforms to increase revenue, Finance Minister Sri Mulyani Indrawati said on Friday.

Indonesia's President Prabowo Subianto on Friday proposed to parliament a $234 billion budget, targeting a 9.8% increase in revenue.

(Reporting by Stefanno Sulaiman, Bernadette ChristinaWriting by Fransiska Nangoy; Editing by Martin Petty)