JAKARTA - President Joko Widodo (Jokowi) emphasized that the 2022 State Revenue and Expenditure Budget (APBN) must be the main instrument to boost economic growth next year.
In a plenary cabinet meeting with ministers and heads of state institutions in the presidential office, Jokowi asked that every state budget could be used to strengthen resilience and accelerate economic competitiveness amidst the global economic slowdown that has the potential to continue in 2022.
"We must be aware of our challenges in 2022. The potential for the continuation of the pandemic and a slowdown in the world economy still exists. Therefore, the 2022 State Budget must be the main instrument to boost economic growth, strengthen economic resilience, and accelerate our competitiveness," he said, quoted by Antara, Wednesday, November 17th.
The President asked to increase Indonesia's economic competitiveness in order to encourage exports and invite more investment. Therefore, the State Budget as a state fiscal instrument must make a significant contribution to the economy, including efforts to sharpen the focus and efficiency of state spending.
"Shopping and routines that don't need to be eliminated immediately, shift to productive ones," he said.
Jokowi also instructed all ministries/agencies to move quickly to realize the 2022 State Budget as early as January 2022. He wants government programs to be executed as early as 2022.
"This means that this month, we will prepare the administration so that it can be executed at the beginning of the year and we must prepare the basis for that implementation," said President Jokowi. range of 5.0-5.5 percent. In 2022, the government will allocate Rp2,708.7 trillion in state expenditures, with state revenues of Rp1,840.7 trillion. That way, the 2022 budget deficit is estimated at IDR 868 trillion or 4.85 percent of Gross Domestic Product (GDP).
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