Government, House Agree to Macroeconomic Assumptions

Jakarta,, MINA — The Indonesian government and House of Representatives have agreed to macroeconomic assumptions and development targets during their introductory meeting to formulate the 2018 state budget draft, Antara News reported

“We have recorded what the leaders and members of the House`s Commission XI have conveyed, and we will use it to formulate the financial notes,” Finance Minister Sri Mulyani noted at the parliament building here on Tuesday.

At the meeting, the government and parliament agreed to the targets of economic growth at 5.2-5.6 percent, inflation rate at 2.5-4.5 percent year-on-year, the rupiah`s exchange rate at Rp13,700-Rp14 thousand per dollar, and interest on three-month treasury notes at 4.6-5.2 percent.

They also agreed to the development targets, including the open unemployment rate at 4.8-5.2 percent, poverty rate at 8.5-9.5 percent, gini ratio at 0.38-0.39, and human development index at 71.98.

The government is expected to use the macroeconomic assumptions and development targets to formulate the financial notes for the 2019 state budget draft.

“Of course, we consider the inputs and views of the leadership and members of the House Commission in formulating the financial notes,” she stated.

Mulyani stated that the introductory discussion with the House`s Commission XI is aimed at enabling the government to make the state budget a credible and effective instrument. (T/RS5/RS1)

Mi’raj Islamic News Agency (MINA)