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Jakarta, CNBC Indonesia – Finance Minister Sri Mulyani Indrawati said that the 2021 State Budget (APBN) is a tool that will be used to restore the economy next year. Especially since this year’s economy fell dramatically due to pressure from Covid-19.
“The 2021 state budget instrument is expected to become one of the important factors in maintaining resilience and restoring the economy and people’s lives,” Sri Mulyani said at the Banggar meeting on Friday (9/25). 2020).
The provisional position for the 2021 State Budget has been approved by the RI Budget Body of DPR (Banggar) to be brought to plenary session later this month.
In this temporary position, economic growth is agreed at 5%, inflation at 3% and the exchange rate of Rp 14,600 per US $. Then, the 10-year SBN interest rate of 7.29%, the price of Indonesian crude oil (ICP) of US $ 45 per barrel and the rise of 705 thousand barrels per day oil and the rise of natural gas 1.00 million barrels of oil equivalent per day.
“In APBN 2021, on the one hand, we are giving a signal to the public and the business world that we want to continue supporting them to recover and recover. On the other hand, it also signals caution,” he said.
“The signs or prudent policies to safeguard the sustainability and sustainability of the State Budget, which is an important fiscal instrument, have worked extraordinarily in the Covid-19 situation,” he added.
For next year’s state revenue, it is agreed to be Rs 1,743.64 trillion. These revenues consist of national income of IDR 1,742.74 billion and grant income of IDR 902.8 billion.
Meanwhile, it was agreed that state spending amounted to Rs 2,750.02 trillion. This expenditure is higher than that stipulated in the 2021 State Budget Draft amounting to 2,747.52 trillion rupees.
This 2021 spending consists of central government spending of IDR 1,954.54 trillion and transfers to regional and communal funds (TKDD) of IDR 795.47 trillion.
On the condition that spending is greater than state income, the budget deficit is set at Rp.1,006.37 trillion or equivalent to 5.70% of gross domestic product (GDP).
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