These Are The Macro Assumptions And The Principles Of Fiscal Policy In The 2023 RAPBN

Illustration (Photo: Doc. Ministry of Finance)

JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani has officially submitted the macroeconomic framework and fiscal policy points in the 2023 State Revenue and Expenditure Budget Plan (RAPBN) to the DPR.

In his statement, the Minister of Finance emphasized that this design took into account the dynamics of the economy, challenges and the development agenda.

"Taking into account various risks and potential for national economic recovery next year, the government proposes a range of macroeconomic indicators that will be used as the basic assumptions for the preparation of the 2023 RAPBN," he said in today's plenary session at the Senayan Parliament Complex, Jakarta, Friday, May 20.

Meanwhile, the basic assumptions are as follows.

Economic growth: 5.3 percent to 5.9 percent

Inflation: 2.0 percent to 4.0 percent

Rupiah exchange rate: IDR 14,300 to IDR 14,800 per US dollar

10-Year SBN interest rate: 7.34 percent to 9.16 percent

Indonesian crude oil price: 80 US dollars to 100 US dollars per barrel

Petroleum lifting: 619,000 – 680,000 barrels per day

Lifting gas: 1.02 million to 1.11 million barrels of oil equivalent per day

On this occasion, the Minister of Finance also conveyed the government's commitment to re-managing state finances with the provision that the deficit was below 3 percent of gross domestic product (GDP).

"The deficit was also redirected below 3 percent, which is between 2.61 percent and 2.90 percent of GDP," he said.

At the end of his presentation, the state treasurer asked the parliament to be able to work together in designing the 2023 RAPBN to be more solid in accordance with the rules of regulation.

"The government hopes for the support, input, and cooperation of all esteemed council members in the discussion in accordance with the applicable laws and regulations," closed the Minister of Finance Sri Mulyani.