JAKARTA - Minister of Finance Sri Mulyani (Menkeu) today held a virtual press conference regarding the realization of the 2020 State Budget (APBN).
This statement was made after the fiscal instrument was under considerable pressure as a result of the COVID-19 pandemic. Not only that, the government must also issue Presidential Decree 72 of 2020 concerning Posture Changes in the 2020 State Budget to accommodate some of the existing adjustments.
"This extraordinary policy in the State Budget is focused on helping the public and the business world recover and revive," he said, Wednesday, January 6.
In general, state revenue during 2020 was recorded at IDR 1,633.6 trillion. As for the expenditure side, it is known that it is worth IDR 2,589 trillion. This record makes the 2020 state budget deficit at IDR 956.3 trillion or 6.09 to GDP (gross domestic product).
The following are seven Macroeconomic Realizations in the 2020 State Budget:
1. Economic growth -1.7 percent to -2.2 percent (year-on-year)
2.Inflation 1.68 percent (year-on-year)
3. The 3-month SPN interest rate is 3.19 percent
4. Exchange rate of IDR 14,577 per US dollar
5. The price of Indonesian crude oil is US $ 40 per barrel
6. Oil lifting 40,000 barrels per day
7. Gas lifting of 983 thousand barrels of oil equivalent per day
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