The 2026 RAPBN Has Been Prepared For The US Trade Tariff And Yield The Fed

JAKARTA - Director General of Economic and Fiscal Strategy of the Ministry of Finance (Kemenkeu) Febrio Kacaribu said that the potential impact of the import rate policy of 19 percent of the United States on Indonesia has been considered and included in the scenario of drafting the 2026 State Revenue and Expenditure Budget Draft (RAPBN).

According to him, discussions with the DPR are very concerned about global and domestic dynamics that have the potential to have a significant impact on the economy.

"So anything that especially has a significant impact, we will definitely concentrate and be included in the scenarios. So we have included this," he told the media crew, Thursday, July 24.

Febrio added that regarding the high yield (yield) of the Fed, this condition was actually an opportunity for Indonesia.

He explained that in the last few months, Indonesia's Government Securities (SBN) yields have decreased, from around 7.0 percent at the beginning of the year to 6.4'6.5 percent.

According to him, the decline shows the high interest of foreign investors who enter through Government Securities, which makes it one of the best performance instruments among developing countries and the Government will take advantage of this positive momentum.

"So this is one of the best performing yields of state securities for emerging countries. So we will try to take advantage of that moment," he concluded.

Previously, the House of Representatives of the Republic of Indonesia (DPR RI) approved the Macroeconomic Framework and Fiscal Policy Principles (KEM PPKF), the Draft State Revenue and Expenditure Budget (RAPBN) and the Government Work Plan (RKP) 2026 at the 25th Plenary Meeting to close the trial period IV for the 2024-2025 Session Year.

Deputy Speaker of the Indonesian House of Representatives, Karya Adies Kadir, said that the results of the discussion on the preliminary discussion of the 2026 State Revenue and Expenditure Budget Draft (RAPBN) and the 2026 Government Work Plan (RKP) would serve as a guideline in the preparation of the 2026 State Budget.

"Furthermore, the results of the discussion on the preliminary discussion of the RAPBN for the 2026 fiscal year and the 2026 Government Work Plan will serve as a guideline in the preparation of the draft APBN for the 2026 fiscal year," he said at a plenary meeting, Thursday, July 24.