Sri Mulyani Face Prabowo

JAKARTA - Finance Minister Sri Mulyani Indrawati together with Deputy Minister of Finance II Thomas Djiwandono met with President-elect Prabowo Subianto to report the development of the State Revenue and Expenditure Budget (APBN).

"Monday afternoon until this afternoon, I and the Deputy Minister of Finance Thomas Djiwandono reported the development of the APBN to the President-elect Prabowo," Sri Mulyani said on the official Instagram account @smindrawati reported by ANTARA, Monday, September 9.

One of the developments reported is the implementation and outlook of the 2024 State Budget which will be closed in December 2024 under the leadership of the elected president.

Thus, Prabowo as the next presidential candidate knows the details of the ongoing development of the APBN implementation.

The next report is regarding the discussion of the Draft Law (RUU) on the 2025 State Budget (RAPBN) in the DPR and the President-elected directions regarding various proposals for the program and budget provided.

"His directive is in accordance with the priority programs that will be achieved in the new government 2024-2029," said Sri Mulyani.

To note, the provisional posture of the 2025 State Budget is in accordance with the latest agreement between the Ministry of Finance and the Budget Agency (Banggar) of the DPR RI, namely a deficit of IDR 616.19 trillion or 2.53 percent of gross domestic product (GDP), state revenue of IDR 3,005.1 trillion, state expenditure of IDR 3,621.3 trillion, primary balance of deficits of IDR 63.33 trillion, and budget financing of IDR 616.2 trillion.

There has been a change in the value of state revenues and state spending from what was announced during the mid-August Financial Note due to the increase in the target of non-tax state revenue (PNBP) and central government expenditure (BPP) of IDR 8.2 trillion each.

Thus, the 2025 PNBP is targeted to reach IDR 513.6 trillion from IDR 505.4 trillion, while the BPP is IDR 2,701.4 trillion from IDR 2,693.2 trillion.

Meanwhile, the basic assumption of the macroeconomics in 2025 is 5.2 percent economic growth, 2.5 percent inflation, 10 years 7 percent Government Securities (SBN) interest rate, IDR 16,000 per US dollar rupiah exchange rate, 82 US dollars for Indonesian crude oil per barrel, 605 thousand barrels of oil lifting per day, and gas lifting of 1.005 million barrels of oil equivalent per day.

The development targets and indicators were agreed with details of open unemployment 4.5-5 percent, poverty 7-8 percent, extreme poverty 0 percent, Gini ratio 0.379-0.382, the human capital index (IMM) 0.56, the farmer exchange rate (NTP) 115-120, and the fishermen exchange rate (NTN) 105-108.