All Factions Approve The 2022 Rapbn Proposed By Sri Mulyani, Budget Ratification Predicted Smoothly

Dpr Building (Irfan Meidianto/VOI)

JAKARTA – Minister of Finance Sri Mulyani Indrawati attended the Plenary Meeting of the House of Representatives with the agenda of conveying the views of the factions on the Macroeconomic Framework and Fiscal Policy Principles (KEM PPKF) of the 2022 Budget Year Budget proposed by the government.

On this occasion, listen to the advice and input of each faction on the state spending plan in the next year.

Vice Chairman of the House of Representatives Sufmi Dasco Ahmad who led the meeting said, all factions expressed their approval to discuss the KEM PPKF RAPBN 2022 further.

The Plenary Meeting of the House of Representatives itself was attended by 121 members who attended physically and 220 members virtually out of a total of 575 members of the people's representatives.

"Thus the quorum has been achieved," said Dasco at the Parliament Complex Senayan, Jakarta, Tuesday, May 25.

For information on Thursday, May 20, the Minister of Finance has delivered the PPKF Kem at the previous Plenary Meeting with a range of macroeconomic indicators rapbn 2022.

Some of the key points presented between are economic growth at 5.2-5.8 percent, inflation of 2.0-4.0 percent, 10-year SUN interest rate of 6.32-7.27 percent.

Then, the rupiah exchange rate is pegged at a level of Rp13,900-15,000 per US dollar, the price of Indonesian crude oil 55-65 US dollars perbarel, petroleum lifting 686,000-726,000 barrels per day, and lifting natural gas 1,031-1,103 thousand barrels of oil equivalent per day.

As for state revenues in the range of 10.18-10.44 percent of gross domestic product (GDP), state spending of 14.69-15.30 percent of GDP, the primary balance is lowered to 2.3-2.65 percent of GDP, the state budget deficit is 4.51-4.85 percent of GDP.

Then, the debt ratio is controlled at 43.76-44.28 percent of GDP, The unemployment rate fell to 5.5-6.2 percent, the poverty rate was 8.5-9 percent, the gini ratio was 0.376-0.378, hdi 73.44-73.48, and the exchange rate of farmers and fishermen exchange rates in the range of 102-104 and 102-105.

Voi notes, Finance Minister Sri Mulyani in a press conference of the State Budget at the end of last month briefly explained the posture of the State Budget for the period 2022.

In his explanation, the Minister of Finance mentioned that the government is aiming for next year's revenue target of Rp1,823 trillion. Meanwhile, the shopping sector is mentioned at Rp2,631 trillion.

From these estimates, it is realized that the budget deficit will be in the range of 800 trillion or equivalent to 4.5 percent of gross domestic product (GDP).