Sri Mulyani Is Dizzy, The State Budget Is Not Over, The Price Of Oil Has Gone Up Again 95 Dollars

Minister of Finance Sri Mulyani (Photo: Doc. Antara)

Minister of Finance Sri Mulyani revealed that the preparation of the 2024 State Budget post which is currently being discussed with the DPR is dynamic and not permanent. According to him, the preparation of fiscal instruments is greatly influenced by the latest economic developments, both domestically and abroad.

"How can we manage this uncertainty and dynamic without corroborating the credibility of the state budget and providing certainty to the economy and national development programs," he said at the Senayan Parliament Complex during a working meeting with the DPR's Budget Agency (Banggar), Tuesday, September 19.

The Minister of Finance explained that there are a number of risks that the government must continue to watch out for. First, it concerns the projection of the global economy.

We see the two largest world economies, namely America and China, which have a character of uncertainty. This must be watched out for because it will cause spillovers around the world," he said.

Second, geopolitical and disruption factors from supply chains that affect commodity prices are important.

"What we can see the most is that oil prices have moved now above 95 dollars per barrel, when we just raised the assumption from 80 dollars to 82 dollars per barrel," he said.

Just so you know, during the discussion of the State Budget Bill earlier this month, the Minister of Finance has just submitted a revision of the assumption that the Indonesian oil price (Indonesia Crude Price/ICP) has been raised from 80 US dollars to 82 US dollars per barrel.

Oil prices have risen in recent weeks. Even the current assumption is around 90 dollars per barrel. This is because both Saudi Arabia and Russia have a commitment to withhold or reduce production. Even this morning the news will be detained (production) until December," said Minister of Finance Sri Mulyani on September 7 last.

For information, the 2024 State Budget Bill has reached an agreement in level I discussions between the government and the DPR's Budget Agency. Furthermore, the results of this agreement will be brought to level II discussions to be decided in a plenary session of the DPR.