TEMPO.CO, Jakarta - The House of Representatives has approved the macro assumption proposed by the government in the draft of the 2018 State Budget (RAPBN).
“The theme of the 2018 Government Work Plan is ‘Boosting Investment and Infrastructures for Development and Equality,’” Azis Syamsuddin, chairman of the Budgetary Board at the House of Representatives said today, July 11.
Read: RAPBN 2018, Unemployment Rate Target Set at 53 Percent
In the 2018 State Budget, the economic growth is expected to reach 5.2-5.6 percent with an inflation rate of somewhere between 2.5 and 4.5 percent. The rupiah exchange against the US dollar is assumed at Rp13,300-Rp13,500 per US dollar. In addition, the three-month treasury bill (SPN) rate is set at 4.8-5.6 percent.
The Indonesian Crude Price (ICP) is assumed at US$45-55 per barrel in the 2018 State Budget. In addition, the oil lifting target is set at 771,000-815,000 per day, and the gas lifting target is set at 1,194,000-1,235,000 barrels of oil equivalent per day.
Read: Govt House Agree on 2017 Macro Assumptions
Earlier on June 6, 2017, Finance Minister Sri Mulyani during a work meeting between the government and the House said that the economic growth in 2018 would be supported by improvements in exports and growths in a number of economic sectors.
Sri Mulyani predicted that the agriculture sector would grow by 3.6-4 percent, and the mining sector is expected to grow by 1.4-1.7 percent next year. The bank loan growth is predicted to grow by 11-13 percent in 2018.
ANGELINA ANJAR SAWITRI
