Momentum Ratification Of The 2024 State Budget, Sri Mulyani: Empowered Economy Holds, But There Is Still A Lot Of Homework

Photo: Doc. Ministry of Finance

Minister of Finance (Menkeu) Sri Mulyani welcomed the DPR's decision to ratify the 2024 State Budget Bill (RUU) into law. According to him, this latest fiscal instrument contains a number of important national development plans.

"Global situation and geopolitical conditions must be one of the things to watch out for. Therefore, the government and the DPR will continue to see the dynamics that occur, although in the last three years the Indonesian economy has a good durability," he said at the Senayan Parliament Complex, Jakarta on Thursday, September 21.

The Minister of Finance explained that Indonesia's economic achievements can be seen from the achievement of growth which has always been above 5 percent in the last seven quarters. In addition, maintaining inflation in relatively low numbers is a separate performance for Indonesia.

"We can also see from development indicators, such as reducing unemployment and poverty. However, PR (homework) is still very large in 2024 which is the year of President Joko Widodo and Vice President Ma'ruf Amin's leadership," he said.

Therefore, the Minister of Finance will focus on next year's APBN to support economic transformation, as well as maintain the inclusiveness and credibility of state finances.

"That means that the state budget that has state revenue will use the expenditure side for various needs, namely encouraging economic transformation and improving development indexes, especially in terms of human resource development," he asserted.

For information, the government's fiscal consolidation continues to run well. This is reflected in the budget deficit which has continued to shrink in recent years.

In the 2024 State Budget, the budget deficit was designed at IDR 522.8 trillion or 2.29 percent of Gross Domestic Product (GDP). In 2023, the deficit was recorded at IDR 598.2 trillion or 2.84 GDP.