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The president-elect's programs to be considered in preparing the 2025 budget: official

Diposting pada 25 Juni 2024 oleh admin / Dilihat: 0 kali

Jakarta (ANTARA) –

The Ministry of Finance emphasized that the 2025 Draft State Revenue and Expenditure Budget (RAPBN) was prepared taking into account the programs and policies of Prabowo Subianto’s incoming government, in accordance with President Joko Widodo’s (Jokowi) instructions.

“Pak Jokowi’s instructions are clear: Include the entire vision and mission of the elected President in the 2025 budget. The government is working on this together with the DPR,” said Head of the Ministry’s Fiscal Policy Agency (BKF) Febrio Kacaribu. during a discussion with the Institute for Development of Economics and Finance (INDEF) here, Tuesday.

He described the 2025 draft budget as extraordinary, and said it was a transitional state budget between the Widodo and Prabowo governments.

The ministry is committed to prioritizing continuity in the preparation of the 2025 budget to prevent economic disruption and safeguard development, the head of the agency said.

While emphasizing the government’s commitment to collaborating with the DPR in preparing the 2025 APBN, Kacaribu hopes that the transition to the 2025 APBN will run smoothly.

“The process requires more intensive communication and consultation. “We hope the transition will run smoothly and not cause disruption,” he said.

Kacaribu emphasized the continuation of the fiscal discipline regime, including keeping the state budget deficit below 3 percent, in the new government. The APBN preparation process will also prioritize prudence in fiscal policy, he added.

Finance Minister Sri Mulyani Indrawati announced on Monday that the government had reached a preliminary agreement with the House of Representatives (DPR) Budget Body regarding the macro-fiscal posture for the 2025 budget.

He added that both parties agreed on the assumption that economic growth in 2025 would be 5.1 to 5.5 percent, with inflation of 1.5–3.5 percent and the rupiah exchange rate at IDR 15,300–15,900 per US dollar.

The government and DPR also agreed on the assumption of a poverty rate of 7 to 8 percent, extreme poverty of zero percent, and a Gini ratio of 0.379 to 0.382 in 2025.

Related news: President-elect commits to limit budget deficit to 3%: Indrawati
Related news: Minister allocates IDR 71 trillion for free meals in the 2025 APBN
Related news: Indonesia’s budget deficit management is better than other countries: Minister

Translator: Rizka Khaerunnisa, Nabil Ihsan
Editor: Azis Kurmala
Copyright © ANTARA 2024

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The president-elect's programs to be considered in preparing the 2025 budget: official

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The president-elect's programs to be considered in preparing the 2025 budget: official

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