2021 State Budget Macroeconomic Assumptions

Economics & Macro

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Dwi Hadya Jayani 23/06/2020 10:48 WIB

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The Indonesian government and the House of Representatives' Commission XI agreed on an economic growth target of 4.5-5.5% for 2021.

2021 State Budget Macroeconomic Assumptions

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2021 State Budget Macroeconomic Assumptions

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2021 State Budget Macroeconomic Assumptions

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The Indonesian government and House of Representatives' Commission XI agreed on the macroeconomic assumptions and development targets within the Macroeconomic Framework and Fiscal Policy Principles of the 2021 State Budget (APBN) draft. The government agreed on an economic growth rate of between 4.5% and 5.5% for 2021. Meanwhile, the rupiah exchange rate is set at Rp 13,700 to Rp 14,900 per US dollar.

Furthermore, the farmer exchange rate (NTP) and the fisherman exchange rate (NTN) are also included as development indicators. The NTP and NTN are set at a range of 102 to 104. The government also agreed on assumptions for other indicators, including the Human Development Index (HDI), the open unemployment rate (TPT), the 10-year government securities (SBN) interest rate, the Gini ratio, and inflation.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."