Jokowi Prepares To Submit The 2022 State Budget Bill To The DPR, What Will The State Finances Look Like Next Year?

Illustration (Photo: Doc. Antara)

JAKARTA - President Joko Widodo (Jokowi) is scheduled to present the Draft Law (RUU) on the State Revenue and Expenditure Budget (APBN) for Fiscal Year 2022 along with a Financial Note to be later ratified with parliament into the 2022 State Budget Act.

Later, the 2022 State Budget will be the government's reference in organizing the country next year. Before being read out by the President, the draft RAPBN was first discussed by the Minister of Finance Sri Mulyani along with the Working Committee (Panja) of the DPR.

In the process, the Panja provides input and comments on next year's budget draft as part of the mechanism for determining state finances.

"The report from the Panja is very complete, it will be very useful for us to prepare the 2022 RAPBN which will run in July," said the Minister of Finance as reported by VOI on Wednesday, June 30 last.

So, what is the picture of the state finances next year?

The government and parliament agreed on a number of important macro-basic assumptions for 2022, namely economic growth is targeted to be at the level of 5.2 percent to 5.8 percent.

Then, the inflation rate is 3 percent plus minus 1 percent, the rupiah exchange rate is Rp. 13,900-Rp. 14,800 per US dollar, and the 10-year SUN interest rate is set at 6.3-7.27 percent.

Then, the price of Indonesian crude oil is 55-70 US dollars per barrel, oil and gas lifting is 686,000-750,000 barrels per day, and natural gas lifting is 1,031-1,200 thousand barrels of oil equivalent per day.

Meanwhile, for next year's development target, six important points were reached, namely the unemployment rate in the range of 5.5-6.3 percent, poverty 8.5-9 percent, and the Gini ratio of 0.376-0.378.

Furthermore, the human development index is 73.41-73.46, the farmer's exchange rate (NTP) is 103-105, and the fishermen's exchange rate (NTN) is 104-106.

Furthermore, in terms of fiscal posture, it is agreed that state revenues are 10.18-10.44 percent of GDP (gross domestic product), and state expenditures are 14.59-15.30 percent of GDP, the primary balance is 2.31-2.65 percent of GDP. , budget deficit 4.51-4.85 percent of GDP, and financing (debt) 4.51-4.85 percent of GDP.