A Look At The 2023 APBN Bill That Will Be Presented By Jokowi At The 16 August Annual Session

Illustration (Photo: Doc. Antara)

JAKARTA - President Joko Widodo (Jokowi) is scheduled to deliver a state speech on August 16, 2022 in a series of annual sessions of the MPR with the DPR and DPD RI ahead of the commemoration of the 77th Republic of Indonesia's Birthday.

On the agenda, the Head of State will submit the Draft Law (RUU) for the 2023 State Revenue and Expenditure Budget (APBN) and its financial notes.

Meanwhile, the process of drafting the 2023 APBN Bill itself was carried out through a long process since last May. At that time, the Minister of Finance (Minister of Finance) Sri Mulyani delivered an introduction and government statement on the Macroeconomic Policy and Principles of Fiscal Policy (KEM PPKF) for the 2023 fiscal year at the DPR Plenary Session.

During its journey, the PPKF KEM was then discussed with Commission XI of the DPR and the DPR's Budget Agency (Banggar). On Monday, 27 June 2022, Banggar approved the 2023 RAPBN and the 2023 Government Work Plan (RKP) that had been submitted by the previous government.

Most recently, the Minister of Finance has just received direction from President Jokowi in the preparation of the 2023 RAPBN before being read out into the APBN Bill at the annual session on August 16.

According to the Minister of Finance, the Head of State advised that the State Budget be maintained so that it remains credible and sustainable or sustainable and healthy.

"So this is the last directive from the President before we finalize it," said Sri Mulyani after attending the Plenary Cabinet Session (SKP) quoted Wednesday, August 10.

So, what are the basic references that will be presented by President Jokowi in the 2023 APBN Bill next week? The following are macro assumptions agreed by the government and parliament.

Economic growth 5.3 to 5.9 percent

Inflation 2 to 4 percent

The rupiah exchange rate is IDR 14,300 to IDR 14,800 per US dollar

Interest rate of 10-year Government Securities (SUN) from 7.34 to 9.16 percent

Indonesian crude oil price 90 to 110 US dollars per barrel

Oil lifting 660,000 to 680,000 barrels per day

Lifting of natural gas 1.05 million to 1.15 million barrels of oil equivalent per day Meanwhile, the agreed development targets for the 2023 period are as follows:

Poverty rate 7.5 to 8.5 percent

Open unemployment rate 5.3 to 6 percent

Gini ratio 0.375 to 0.378

Human development index 73.31 to 73.49

Farmer exchange rate 105 to 107

Fisherman exchange rate 107 to 108