The 2024 State Budget Bill Is Officially Ratified Into Law

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA The House of Representatives (DPR) today officially ratified the 2024 State Budget Bill (RUU) into law. In today's plenary session, DPR Speaker Puan Maharani said that all factions expressed their agreement with the country's financial instruments.

"Can the Draft Law on the State Revenue and Expenditure Budget be approved to become a law?" asked Puan then answered that she agreed by the meeting participants, Thursday, September 21 at the Senayan Parliament Complex, Jakarta.

Puan reminded the government to be able to optimize the 2024 State Budget to achieve prosperity and protect the community's economy.

The 2024 State Budget must be reliable to deal with various geopolitical economic potentials and turmoil and become an important instrument in achieving the national development agenda.

The following are the macro assumptions and indicators for the construction of the 2024 State Budget.

5.2 percent economic growth

2.8 percent inflation

The rupiah exchange rate is IDR 15,000 per US dollar

SBN interest rate 10 years 6.7 percent

The price of Indonesian crude oil/ICP is 82 per barrel of US dollars

Petroleum lifting 635,000 barrels per day

natural gas lifting of 1.03 million barrels of oil equivalent per day

poverty rate 6.5-7.5 percent

Open unemployment rate 5.0-5.7 percent

Extreme poverty rate 0-1 percent

Gini ratio 0.374-0.377

Human development index 73.99-74.02

Farmer's Exchange Rate 105-108

The fishermen's exchange rate is 107-110