Government Said 2022 Fiscal Policy Have Long Impact For The Next 10 Years

Ministry of Finance office complex. (Photo: Doc. Ministry of Finance)

JAKARTA - The government through the Ministry of Finance said that the 2022 Macroeconomic Policy and Principles of Fiscal Policy (KEM PPKF) is a financial formulation that can produce long-term impacts for the next 5-10 years.

Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance, Febrio Kacaribu, said that in preparing next year's fiscal draft, the government did not look at macro indicators that occurred in 2021 but also projections until 2025.

Here, the government is clearly very serious about carrying out comprehensive reforms so that it does not only focus on business as usual activities", he said in an official statement, Monday, June 7.

Febrio added, in addition to carrying the spirit of fiscal reform, recovery and acceleration of economic growth after the pandemic can be achieved by optimizing the demographic bonus to increase productivity. Meanwhile, the first way to be done is to increase human resources.

"While the second way is by providing infrastructure starting from basic infrastructure that encourages connectivity. Then next is how energy must be available, food must also be available, and we must continue to push for industrialization", he said.

In addition, he continued, what is no less important is bureaucratic and regulatory reform, which is then translated into ease of doing business for the public and investors to create more jobs.

"This is what can then encourage our economy to work at a higher level in the next few years", he added.

see_also]

- https://voi.id/ekonomi/56704/gacor-pemerintah-targetkan-kasus-blbi-rampung-dalam-3-tahun

- https://voi.id/ekonomi/56264/utang-negara-jadi-sorotan-anggota-dpr-fraksi-pks-tiap-tahun-bayar-bunga-rp250-triliun-lebih-besar-dari-bansos

- https://voi.id/ekonomi/56585/gusar-blbi-mangkarak-puluhan-tahun-sri-mulyani-tidak-perlu-tunggu-niat-baik-sekarang-mau-bayar-atau-tidak

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As previously reported by VOI, in the 2022 State Revenue and Expenditure Budget Draft (RAPBN), the government sets economic growth at the level of 5.2 percent to 5.8 percent.

Then, inflation is estimated in the range of 2-4 percent, and the estimated exchange rate of the rupiah in the range of IDR 13,900 to 15,000 per US dollar.

Meanwhile, state revenue in 2022 is projected to be around IDR 1,823 trillion with a planned expenditure of IDR 2,631 trillion.

From this estimate, it is found that the budget deficit will be in the range of IDR 800 trillion, equivalent to 4.5 percent of gross domestic product (GDP).