DPR And Government Agree On Macro Assumptions For 2024 RAPBN

Illustration (Photo: Doc. Antara)

JAKARTA - The government and Commission XI of the DPR RI have agreed on the basic macroeconomic assumption in the 2024 State Revenue and Expenditure Budget Draft (RAPBN).

"The conclusion of the Commission XI working meeting regarding the discussion of basic macro assumptions, development targets, and development indicators in the discussion of the RAPBN for the 2024 fiscal year, we declare that we agree and are valid," said Chairman of Commission XI DPR RI Kahar Muzakir as quoted by Antara, Thursday, August 31.

In the working meeting (raker) of Commission XI of the DPR RI, the ranks of ministers and heads of government institutions including the Minister of Finance of the Republic of Indonesia, the Head of Bappenas, the Governor of Bank Indonesia (BI), the Chairman of the Board of Commissioners of the Financial Services Authority (OJK), and the Head of the Central Statistics Agency (BPS) presented the proposed basic macro assumptions for the 2024 RAPBN.

Through this working meeting, it has been agreed on the basic economic assumption of the 2024 RAPBN macro with an economic growth target of 5.2 percent on an annual basis (yoy), with inflation of 2.8 percent yoy.

Then the rupiah exchange rate is targeted at IDR 15,000, as well as the interest rate for Government Securities (SUN) 10 years 6.7 percent.

In addition, in accordance with the initial proposal of the National Development Planning Agency (Bappenas), it was agreed that the open unemployment rate in the 2024 RAPBN was in the range of 5.0-5.7 percent, the poverty rate was 6.5-7.5 percent, and the extreme poverty rate was reduced in the range of 0-1 percent.

Meanwhile, the Gini ratio is set to be in the range of 0.374 to 0.377, with the human development index (HDI) at 73.99 to 74.02.

The farmer's exchange rate (NTP) next year is pegged in the range of 105 to 108 and the fishermen's exchange rate is in the range of 107-110.

Head of Bappenas Suharso Monoarfa said that the development plans and targets were set to encourage Indonesia's economic growth in 2024.

"The government, through policies and programs in ministries or institutions, increases productivity in various sectors so that it can provide added value to the economy that encourages economic growth," said Suharso.