Finance Minister: State Budget as an Instrument Keeps Stability

By : Herry Barus And Aldo Bella Putra | Thursday, May 31 2018 - 18:30 IWST

Menteri Keuangan, Sri Mulyani (Foto: Ist)
Menteri Keuangan, Sri Mulyani (Foto: Ist)

INDUSTRY.co.id - Jakarta - Finance Minister Sri Mulyani Indrawati reminded the importance of maintaining the credibility, health and resilience of the State Budget to become the main instrument of fiscal policy to maintain economic stability.

"The government understands that the Indonesian economy is still overshadowed by uncertainty, so the government continues to maintain the credibility, health and resilience of the state budget," Sri Mulyani said in a plenary session in Jakarta on Thursday (31/5/2018)

Sri Mulyani attended the plenary session to read out the government's response to the general view of the fraction on the Macroeconomic Framework and the Principles of Fiscal Policy in the context of the Preliminary Budget Draft Discussion of 2019 Fiscal Year.

She explained that the government has and will continue to implement fiscal reforms to maintain the momentum of economic growth which is currently supported by improved investment and export performance.

However, she added, the fiscal credibility through the APBN instrument cannot run alone, because it requires support from conducive economic stability.

According to Sri Mulyani, considering the current condition, the stability of the economy should take precedence over pursuing economic growth.

"The government will continue to conduct intensive coordination with the monetary authorities and the financial services sector in undertaking domestic economic stabilization measures," explained the former Managing Director of the World Bank.

Sri Mulyani believes that the policy mix for stabilization supported by ongoing structural reform efforts can encourage economic growth in the medium and long term.

"In line with this, we appreciate the view on the need for the preparation of a credible APBN to safeguard business confidence," she added.

According to the plan, the draft budget draft 2019 will be done with macro basic assumptions such as economic growth of 5.4 percent-5.8 percent, inflation 2.5 percent-4.5 percent and rupiah exchange rate Rp13.700-Rp14.000 per US dollar.

Other basic macro assumptions are the 3-month SPN interest rate of 4.6 percent-5.2 percent, the ICP oil price of US $ 60 to US $ 70 per barrel, the oil lifting of 722 thousand-805 thousand barrels per day and the natural gas lifting 1.210 thousand -1.300 thousand barrels of oil equivalent per day

News Comment

Today's Industry

Grab (Ist)

Kamis, 11 Oktober 2018 - 12:36 WIB

Women Activists Criticize GRAB Indonesia on Victims Harassment Mediation

A number of women activists express their anger and regret at the GRAB Indonesia. The Malaysian applicator response to bring together between a driver partner who is allegedly harassed his passengers…

Panen Padi (Foto Dok Industry.co.id)

Senin, 08 Oktober 2018 - 03:30 WIB

Banten Lebak Farmers Harvest 55,622 Tons of Dry Grain

Lebak-Petani in Lebak Regency, Banten, during September 2018 harvests rice in an area of ​​9,347 hectares of paddy fields with a production of 55,622 tons of dried pungut (GKP) grain.

Bawang Merah (Ist)

Senin, 08 Oktober 2018 - 03:00 WIB

Kelompok Tani Sengingi Riau Panen Bawang Merah

Kuantan Singing - Beken Jaya Benai Farmer Group in Kuantan Singingi Regency, Riau Province harvesting shallots up to tens of tons managed on a quarter hectare of land, the results can improve…

Senin, 08 Oktober 2018 - 02:30 WIB

PT Pertamina Lubricants Wins Two TOP CSR 2018 Awards

Jakarta - PT Pertamina Lubricants managed to bring home two awards at the TOP CSR 2018 TOP CSR category on Lubricants Business, namely for the Corporate Social Responsibility (CSR) Enduro Student…

Listrik Ilustrasi

Senin, 08 Oktober 2018 - 02:00 WIB

Electrical System in Central Sulawesi is 75% Normal

Jakarta - Electricity, telecommunications, roads, airports and fuel supply (BBM) infrastructure have begun to recover in areas affected by the earthquake in Central Sulawesi. Assistance from…