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JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani stated that the Macroeconomic Framework and Fiscal Policy Principles (KEM PPKF) in the 2024 State Revenue and Expenditure Budget Draft (APBN) targets economic growth of 5.7 percent.

This was conveyed at the DPR Plenary Meeting which was held today at the Senayan parliament complex, Jakarta.

"The government proposes a range of macroeconomic indicators in the draft 2024 State Budget is 5.3 percent economic growth to 5.7 percent," he said on Friday, May 19.

The Minister of Finance explained that another assumption submitted to board members was inflation in the range of 4.5-5.3 percent, the rupiah exchange rate was Rp. 14,700 to Rp. 15,300 per US dollar, the SBN interest rate was 10 years 6.49-6.91 percent.

Then, the price of Indonesian crude oil (ICP) is 75 to 85 US dollars per barrel, oil lifting is 597,000 - 652,000 per barrel per day, and gas lifting is 999,000 - 1,054,000 barrels of oil equivalent per day.

"By observing global and domestic risks and dynamics, the development agenda for 2024 is directed at accelerating an inclusive and sustainable economic transformation," he said.

The Minister of Finance added that to support the direction of the fiscal policy, it was pursued by an allocation where the State Budget supports medium-term targets by working on an efficient market mechanism.

"The policy of state spending will be directed in quality in order to produce maximum output for the community and the economy," he said.


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