Here's a detailed breakdown of the macroeconomic assumptions and development targets for 2019.

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06/06/2018 09:55 WIB

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In the 2019 macroeconomic assumptions, national economic growth was targeted at 5.2-5.6%, lower than the previous government projection of 5.4-5.8%.

Macroeconomic Assumptions and Development Targets 2019

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Macroeconomic Assumptions and Development Targets 2019

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The Government and Commission XI of the House of Representatives (DPR) have agreed on the macroeconomic assumptions and development targets for 2019. These assumptions and targets will be used by the government to formulate the 2019 State Budget Draft (RAPBN).

The agreed macroeconomic assumptions for 2019 include a national economic growth target of 5.2-5.6%, lower than the previous government projection of 5.4-5.8%. Next year's inflation rate is targeted at 2.5-4.5% (YoY), the rupiah exchange rate at Rp 13,700-14,000 per US dollar, and the 3-month State Treasury Bill (SPN) interest rate at 4.6-5.2%.

Regarding development targets, the agreed open unemployment rate is 4.8-5.2%. The poverty rate target is 8.5-9.5%, the Gini ratio is targeted at 0.38-0.39%, and the Human Development Index (HDI) at 71.98.

"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."