Rupiah Asked To Return To Level During PPKF KEM, Sri Mulyani Will Discuss Again

Minister of Finance Sri Mulyani (Photo; Doc. Antara)

Minister of Finance Sri Mulyani Indrawati opened her voice regarding members of the House of Representatives (DPR) who highlighted and asked for a rupiah exchange rate against the United States (US) dollar in the 2025 State Revenue and Expenditure Budget Draft (RAPBN) at the level of Rp. 16,100 per US dollar can be returned to the previous agreement, namely at the Macro Economic Framework and Fiscal Policy Principles (KEM PPKF).

Sri Mulyani explained that she would hold a meeting with the Budget Agency (Banggar) and with Commission XI of the DPR first regarding this matter.

"Later, we will discuss the timing with pride, and also with the XI commission, we will see the latest developments," he explained after a meeting with the Banggar DPR RI, Tuesday, August 20.

Previously, Member of the House of Representatives (DPR) of the Indonesian Democratic Party of Struggle (PDIP) faction Adisatrya Suryo highlighted the rupiah exchange rate against the United States (US) dollar in the 2025 State Revenue and Expenditure Budget Draft (RAPBN) which is estimated at the level of Rp. 16,100.

"Currently, the rupiah exchange rate against the US dollar is IDR 15,700 per US dollar. The government has even set an exchange rate in 2025 of IDR 16,200 per US dollar," he said while giving a general view of the Faction on the 2025 State Budget Bill and its Financial Note in the Indonesian House of Representatives, Tuesday, August 20.

According to Adisatrya, the determination of the lower rupiah exchange rate is not in line with the efforts made by the government so far in strengthening the rupiah exchange rate against the US dollar.

Therefore, his party requested that the government return to the previous agreement, namely the Macroeconomic Framework and the Principles of Fiscal Policy (KEM PPKF).

"Therefore, the PDI-P faction is of the view that the government returns to the PPKF KEM agreement, which is in the rupiah exchange rate range of Rp. 15,300 - Rp. 15,900," he explained.

Meanwhile, Member of the Indonesian House of Representatives from the Democratic Party faction, Vera Vebyanthy, said that assuming the exchange rate set in the 2025 RAPBN of Rp. 16,100 per US dollar, the government and Bank Indonesia (BI) must be aware of global economic uncertainty.

"That is still the high Fed interest rate which causes capital outflows and geopolitical situations still overshadowing the exchange rate in 2025," he explained.