Legitimate! Government Submits 2022 Rapbn To Dpr, Sri Mulyani: Please Input From Respected Council Members

Finance Minister Sri Mulyani (left) when handing over state documents to the dpr leadership. (Photo: Doc. Ministry of Finance)

JAKARTA - The government through the Minister of Finance (Minister of Finance) Sri Mulyani presented the document on Macroeconomic Policy and Fiscal Policy Principles (KEM PPKF) of Fiscal Year 2022 to the House of Representatives as one of the budgeting processes for the drafting of the State Budget (RAPBN) 2022.

"Apbn is a very important instrument. In 2020, we responded to the pandemic through Perppu which then became Law No. 2 and the State Budget was revised up to two times and it was always with very intense communication with the House of Representatives," he said at the Parliament Complex Senayan, Jakarta, Thursday, May 20.

The Minister of Finance explained that for the 2022 Budget, the government has drafted the indicators that are used as preliminary assumptions that will be discussed with Commission XI and the Budget Agency.

The indicators in question are economic growth in the range of 5.2 percent to 5.8 percent, inflation from 2 percent to 4 percent, 10-year SUN interest rates from 6.32 percent to 7.27 percent.

Then, the rupiah exchange rate between Rp13,900 to Rp15,000 per US dollar, oil prices between 55-65 US dollars perbarel with lifting between 686,000-726,000 barrels per day, and gas lifting 1,031 - 1,103 barrels per day equivalent to oil.

"This is what we will discuss of course with Commission XI on macro assumptions, whereas with the Budget Agency later we will start with some including the estimated plan of our deficit next year which is in the range of 4.51-4.85 percent," he said.

The Minister of Finance also stressed that the government will use the state budget flexibly based on the most priority, most urgent, but also fundamentally improve the competitiveness and productivity of the Indonesian economy.

For information, in a press conference late last month the Minister of Finance briefly explained the provisional posture of the State Budget 2022. It is mentioned that the Ministry of Finance plans the 2022 State Budget with revenues of around Rp1,823 trillion. Meanwhile, the shopping sector is mentioned at Rp2,631 trillion.

From these estimates, it is realized that the budget deficit will be in the range of 800 trillion or equivalent to 4.5 percent of gross domestic product (GDP).

Meanwhile, in the State Budget 2021, the state revenue is targeted at Rp1,743 trillion, with spending of Rp2,750 trillion. This means that the budget deficit is recorded around Rp1,000 trillion or equivalent to 5.7 percent of GDP.

"The government expects support, input, and cooperation from all respected board members in the discussion in accordance with the prevailing laws and regulations," concluded Sri Mulyani.