JAKARTA - President Prabowo Subianto has started to open up the risk of Indonesia's heavy economy in 2027. In his speech at the DPR, Wednesday (20/5), Prabowo set the assumption of the rupiah exchange rate in the range of Rp. 16,800 to Rp. 17,500 per US dollar in the 2027 draft state budget.
The figure is one of the signals that the government is preparing a space to face global pressure that has not subsided, ranging from wars in the Middle East to world geopolitical tensions.
"Interest rates and fiscal-monetary strategies must be able to keep our exchange rate stable," said Prabowo.
In addition to the rupiah exchange rate, the government also set a target for the 10-year government bond interest rate in the range of 6.5-7.3 percent.
Prabowo said that the current global conditions are full of conflicts and uncertainties that have a direct impact on the Indonesian economy. Therefore, he chose to convey directly the direction of the government's economic and fiscal policies in front of the DPR.
In the energy sector, the government estimates that Indonesia's crude oil price will be at the level of 70-95 US dollars per barrel in 2027.
Even so, Prabowo remains optimistic that Indonesia's economy can grow 5.8-6.5 percent towards the target of 8 percent in 2029.
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