Tujuh, Target Growth Ekonomi 5,3 Persen Tahun Nanti Kemungkinan Direvision Ke Bawah

Illustration (Photo: Doc. Antara)

JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani stated that the 5.3 percent economic growth target in the 2023 State Budget Bill is most likely to experience a lowering correction.

The reason is, the current situation continues to be filled with uncertainty that continues with the shift in main risks from the pandemic to external or global sectors.

Next year, as stated in the financial memorandum, economic growth is projected at 5.3 percent. Even though if we look carefully in 2023, there is a downward trend in economic projections," he said, quoted on Thursday, September 1.

According to the Minister of Finance, on this basis the posture of the 2023 State Budget Draft (APBN) was prepared with the spirit of optimism and the use of fiscal instruments that were quite prudent, but still saw the risk of uncertainty that might increase.

So one breath is optimistic but alert. The state budget will remain as an instrument of shock fraud and mitigate risks, both risk to financing and risk in terms of increasing costs of funds," he said.

The Minister of Finance added that the current momentum of economic recovery plays an important role in encouraging the reduction in poverty and unemployment, as well as increasing the volume of people's business credit.

"From 285 now in 2022, it is targeted to reach IDR 300 trillion and even close to IDR 380 trillion. Of course, the consequences of interest subsidies will also increase," he said.

Then for manufacturing and trade, it is also expected that it will still be quite strong. Likewise, in terms of tax revenue, it is predicted that it is relatively stable and strong despite being faced with uncertainty.

But we have to look at sectors affected by the scarring effect more deeply due to the pandemic, such as construction, transportation and accommodation, maybe it will only begin to recover quite well in 2023. Of course, if it is not affected by the global situation, which is still very dynamic," he continued.

Meanwhile, the 10-year State Bond Letter (SUN) interest rate is projected to be at 7.9 percent by 2023 in line with the risk of financial market uncertainty and continued global monetary tightening. And the movement of oil prices is also predicted to be very volatile but tends to decline.

The increase in interest rates by America, Europe, and the UK will definitely give the global bond market an impact, including to Indonesia. Meanwhile, next year's volatile oil price movement may be neutralized with a forecast of relatively weakened or soften economic growth," closed the Minister of Finance Sri Mulyani.