The government through the Minister of Finance (Menkeu) Sri Mulyani is known to have taken further steps related to the draft State Revenue and Expenditure Budget (APBN) for the 2024 period.
In a statement given by the Minister of Finance today, it is stated that next year's fiscal policy design cannot be separated from global dynamics. According to him, external factors play a fairly important role in the preparation of the 2024 state financial plan.
"The growth is expected to slow down in 2023, but will improve slightly in 2024," he said at the Central Development Coordination Meeting (Rakorangpus) forum, Thursday, April 6.
The Minister of Finance explained that the tone of optimism came from commodity price moderation, inflation that had reached its peak, to the opening of China's economy.
"We see now that the rate of monetary tightening has slowed," he said.
The Minister of Finance added that another supporting factor is strengthening recovery in Asia, as well as the growing potential of the digital economy.
"The global economic prospects for 2024 are better," he said.
Furthermore, the former boss of the World Bank stated that challenges remain in place through a number of risks, such as the uncertainty of geopolitical tension, relatively high interest rates, to the increasingly narrow fiscal space of many countries.
"We also need to see the downside risk present through the impact of banking issues in the United States and also the potential of climate change," he said.
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