JAKARTA - Minister of Finance Purbaya Yudhi Sadewa emphasized that Indonesia's economy remained in a stable condition despite being affected by the conflict in the Middle East.
In addition, he ensured that the State Budget (APBN) deficit remained under 3 percent of gross domestic product (GDP).
Purbaya emphasized that the government continues to maintain fiscal sustainability so that it is still able to provide cushioning against external pressures.
"We always maintain a sustainable budget and with that we still have room to cushion the world economic turmoil," Purbaya said in a virtual press conference, quoted on Wednesday, April 1.
Purbaya explained that the state budget still has enough room to dampen global economic turmoil, in fact, the state budget is considered safe even though the average oil price reaches 100 US dollars per barrel until the end of the year.
He also added that assuming the oil price, the budget deficit can still be well controlled until the end of the year.
"Our count is now up to 100 US dollars on average until the end of the year, our budget remains sustainable and the deficit is still under control," he added.
Purbaya also appealed to the public not to worry about the condition of the state budget, because the government had made a careful calculation and ensured that all aspects of the budget remained well under control.
"There is no need to worry that the deficit is out of control and the budget is morat marit. We control everything well and we have counted until the end of the year," he said.
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