This is the Target Economic Growth and Inflation in the 2025 State Budget Macroeconomic Assumptions.

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Erlina Fury Santika 21/06/2024 18:50 WIB

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The Indonesian government and the House of Representatives (DPR) have established several macroeconomic assumptions for the 2025 State Budget (APBN). These include targets for economic growth and inf

Indonesia's Economic Growth and Inflation Targets in the Macroeconomic Assumptions for the 2025 State Budget (June 2024)

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Indonesia's Economic Growth and Inflation Targets in the Macroeconomic Assumptions for the 2025 State Budget (June 2024)

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Sri Mulyani, Minister of Finance, along with the House of Representatives (DPR), has established several macroeconomic assumptions for the 2025 State Revenue and Expenditure Budget (APBN), the term of the new president and vice president, Prabowo Subianto and Gibran Rakabuming Raka.

According to *Katadata*, the government and the DPR have agreed on an economic growth rate of 5.1%–5.5% year-on-year (yoy) in 2025. In addition, inflation is targeted at 1.5%–3.5% (yoy).

The rupiah exchange rate is set at Rp 15,300–Rp 15,900 per US dollar, and the interest rate on state securities (SBN) next year is projected to be in the range of 6.9%–7.2%.

Meanwhile, the price of oil has been agreed upon with the DPR Commission VII at US$80–85, oil lifting at 600,000–605,000 barrels per day, and gas lifting at 1,003,000–1,047,000 barrels of oil equivalent per day.

"These are assumptions that have been discussed, and to this day, discussions with the DPR Budget Board [Banggar] have also looked in more detail at state revenue, its projection for next year, and state expenditure, including state expenditure that accommodates the new government in 2025," said Sri Mulyani at the Presidential Palace in Jakarta on Thursday (20/6/2024).

The former Managing Director of the World Bank also stated that the 2025 RAPBN deficit is pegged at 2.21%–2.8%. She said this figure provides a wider range.

"This means we will be able to maintain prudent, cautious, and sustainable fiscal management, while at the same time accommodating programs to be implemented by the new government in 2025," she said.

(Also read: World Bank Revises Indonesia's Economic Growth Projection to 5% in 2024)

Editor : Erlina Fury Santika

"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."

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This is the Target Economic Growth and Inflation in the 2025 State Budget Macroeconomic Assumptions.

This is the Target Economic Growth and Inflation in the 2025 State Budget Macroeconomic Assumptions.

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This is the Target Economic Growth and Inflation in the 2025 State Budget Macroeconomic Assumptions.

This is the Target Economic Growth and Inflation in the 2025 State Budget Macroeconomic Assumptions.

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