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Jokowi Presides over Cabinet Meeting on Current Economy

24 June 2024 16:02 WIB

TEMPO.CO, JakartaPresident Joko Widodo, also known as Jokowi, convened a plenary cabinet meeting at the Jakarta State Palace today, June 24. The meeting's primary focus was to discuss the current economic conditions.

Ministers who attended the meeting included SOE Minister Erick Thohir, Tourism Minister Sandiaga Uno, Trade Minister Zulkifli Hasan or Zulhas, Manpower Minister Ida Fauziyah, Minister of Agrarian Affairs and Spatial Planning Agus Harimurti Yudhoyono and Coordinating Minister for the Economy Airlangga Hartarto, and Social Affairs Minister Tri Rismaharini.

“The meeting will discuss the economy,” Zulhas briefly told reporters. Other cabinet ministers were reluctant to disclose further details.

Jokowi's government is currently in a transition period for President-elect Prabowo Subianto. Finance Minister Sri Mulyani, during a press conference on the Current Economic Fundamental Conditions and the 2025 Draft State Budget, announced that the next year’s budget deficit will be maintained between 2.29 percent and 2.82 percent.

The agreed macro assumptions for the forthcoming year include economic growth of 5.1-5.5 percent, inflation of 1.5-3.5 percent, a rupiah exchange rate of Rp15,300-15,900 per US dollar, the SBN interest rate of 6.9-7.2 percent, oil price of US$80 to US$85 per barrel, oil production of 600,000-605,000 barrels per day, and gas production of 1,003,000 to 1,047,000 barrels of oil equivalent per day.

DANIEL A. FAJRI | ILONA ESTERINA 

Editor's Choice: Govt Concurs to Allot Rp71 trillion for Prabowo Subianto Free Lunch Program in 2025

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