DPR Approves the Introduction of the 2027 RAPBN and RKP, This is the Complete List

JAKARTA - The plenary session of the Indonesian House of Representatives (DPR RI) approved the results of the preliminary discussion of the Draft State Budget (RAPBN) and the Government Work Plan (RKP) for 2027.

The agreement serves as a foundation for the government in drafting the 2027 State Budget Bill (RUU) and its Financial Note.

The report on the results of the discussion was read by the Deputy Chairman of the House of Representatives Budget Committee (Banggar), Wihadi Wijanto.

He explained that the discussion was carried out together with the Minister of Finance Purbaya Yudhi Sadewa, the Minister of PPN/Head of Bappenas Rachmat Pambudy, and the Governor of Bank Indonesia Perry Warjiyo.

According to Wihadi, the discussion process has been ongoing since early June 2026 and in the process four Working Committees (Panja) were formed which then compiled reports through their respective drafting teams until all the results of the discussion were agreed upon.

"At the June 29, 2026 Working Meeting, all the reports of the Panja were submitted and agreed upon as the result of the Banggar discussion with the government and BI in the context of discussing the preliminary discussions of the 2027 Budget and the 2027 Budget, which will be the basis for the government in drafting the 2027 State Budget Bill along with its financial notes," he said in the 23rd Session of the DPR RI Plenary Meeting V, Thursday, July 2.

On that occasion, Wihadi conveyed that the theme of the RKP 2027 is Acceleration of Quality Growth through Investment and Industrial Productivity.

The government targets economic growth in 2027 to be in the range of 5.8-6.5 percent, with a per capita Gross National Income (GNI) of US$5,800-US$5,840 or around Rp96.4 million.

In addition, the reduction in the intensity of greenhouse gas emissions is targeted to reach 39.57 percent, while the Environmental Quality Index is targeted to be at 76.84.

In the field of social welfare, the poverty rate is targeted to fall to 6.0-6.5 percent, while extreme poverty is expected to reach 0 percent by 2027.

The Gini ratio is targeted to be in the range of 0.362-0.367, while the open unemployment rate is projected to fall to 4.30-4.87 percent.

For human resource development, the Human Capital Index is targeted to reach 0.575. Meanwhile, the Farmer Welfare Index is pegged at 0.8038, with a Farmer Exchange Rate (NTP) of 126-128 and a Fishermen Exchange Rate (NTN) of 106-110.

Furthermore, the proportion of formal job creation in 2027 is targeted to reach 40.81 percent. The number of new jobs is projected to reach around 2.57-3.49 million people.

"High economic growth will lose its meaning if it is not in line with the target of people's welfare. Thus, improving people's welfare is the main goal of all national development efforts," he said.

In addition to the development target, the DPR and the government also agreed on the basic assumptions of macroeconomics and the 2027 State Budget posture.

In general, this assumption is still in line with the Macro Economic Framework and Fiscal Policy Principles (KEM-PPKF) previously conveyed by President Prabowo Subianto.

The change only occurred in the target for lifting oil and gas which was set higher than the previous proposal.

The following is the complete list of macro assumptions and the 2027 State Budget posture agreed by the Banggar DPR and the Government:

Assumptions of the Macroeconomic Basis 2027

- Economic growth: 5.8 percent - 6.5 percent (unchanged from the KEM-PPKF)

- Inflation: 1.5 percent - 3.5 percent (unchanged from KEM-PPKF)

- ⁠Exchange rate: Rp16,800 per US dollar - Rp17,500 per US dollar (unchanged from KEM-PPKF)

- SBN 10-year interest rate: 6.5 percent-7.3 percent (fixed from KEM-PPKF)

- Indonesian crude oil price (ICP): 70 US dollars - 95 US dollars per barrel (unchanged from KEM-PPKF)

- Lifting of petroleum: 605,000-620,000 barrels per day (changed from KEM-PPKF 602,000-615,000 barrels per day)

- Lifting of natural gas: 951,000-990,000 barrels of oil equivalent per day (changed from KEM-PPKF 934,000-977,000 barrels of oil equivalent per day).

POSTUR MAKRO FISKAL 2027

- State revenue: 12.01 percent - 12.40 percent of GDP (changed from KEM-PPKF 11.82 percent - 12.40 percent)

- State expenditure: 13.81 percent-14.80 percent of GDP (changed from KEM-PPKF 13.62 percent-14.80 percent)

- Primary balance: 0.45 percent-0.14 percent (unchanged from KEM-PPKF)

- ⁠Deficit: 1.80 percent-2.40 percent of GDP (unchanged from KEM-PPKF)

- Investment financing: 0.50 percent-0.90 percent (fixed from KEM-PPKF)

- Amount of loans to PD

B: 40.31 percent - 40.64 percent (unchanged from KEM-PPKF).