The Government And The House Of Representatives Agree That The Basic Assumptions Of The Macroeconomics Will Not Change

Minister of Finance Sri Mulyani. (Photo: Doc. Public Relations Ministry of Finance)

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani Indrawati said that the government and Commission XI of the DPR RI had agreed and completed discussions on Macroeconomic Policy and the Principles of Fiscal Policy (KEM PPKF), especially regarding the basic assumptions of macroeconomics.

As for the discussion, a number of economic indicators have been agreed upon as the basis for the preparation of the Draft State Revenue and Expenditure Budget (RAPBN) for the 2026 fiscal year.

In detail, economic growth is projected to be in the range of 5.2 percent to 5.8 percent; the inflation rate is targeted to be at 1.5 percent to 3.5 percent; the rupiah exchange rate against the US dollar is estimated to be between Rp. 16,500 to Rp. 16,900; the 10-year tenor State Securities (SBN) interest rate is estimated to be in the range of 6.6 percent to 7.2 percent; the Indonesian Crude Oil/ICP price is in the range of 60 to 80 US dollars per barrel; oil lifting is targeted to be at 600 605 thousand barrels per day, and gas lifting is in the range of 953 1,017 thousand barrels of oil equivalent per day.

Sri Mulyani said that the government also discussed various welfare indicators such as poverty, unemployment, and extreme poverty, which are targeted to continue to be suppressed and even try to approach 0 percent.

"We also discuss welfare indicators such as poverty, unemployment and extreme poverty rates which will be sought to approach or reach 0 percent, then the exchange rate of farmers which is changed to become an indicator of the welfare of farmers and servants as well as to create job opportunities, especially in the formal sector," he told the media crew, Monday, July 7th.

According to him, in terms of state revenues, both from taxation, customs, and non-tax state revenues (PNBP), all targets are still in the range in line with Gross Domestic Product (GDP).

Then for the budget deficit, Sri Mulyani said that the Government and the DPR had agreed that the deficit was in the range of 2.48 percent to 2.53 percent of GDP.

With the approval of Commission XI of the DPR RI, Sri Mulyani emphasized that the Ministry of Finance will soon prepare the RAPBN and Financial Note for the 2026 Fiscal Year which is planned to be submitted by the President of the Republic of Indonesia on August 16, 2025.

"We are all the efforts that were recommended by the DPR, of course we will see everything and we will compile the design so that the RAPBN can continue to fulfill the aspirations for state revenues to be optimized because there are quite a lot of government programs from the national priority side as previously discussed," he concluded.