Ada Pertanyaan? Hubungi Kami 
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Ada Pertanyaan? Hubungi Kami Fitri Novia Heriani, Christina Desy
Just before ending their term in office, the 2009-2014 House of Representatives (House) passed the Draft Bill for the 2015 State Budget (“State Budget”) during its Plenary Session on Monday. Two-hundred and eighty-six lawmakers attended the meeting, representing the major factions of the House such as the Functional Group Party (Golkar), the Indonesia Democratic Party of Struggle (PDIP), and the Democratic Party.
Commenting after the State Budget was passed, the Minister of Finance, Chatib Basri, said that all House factions did make any significant protests as the State Budget was drafted in accordance with Law No. 17 of 2007 on the National Long-Term Development Plan for 2005-2025. To that extent, the State Budget sets out four important policies for state revenues and expenses in 2015 as well as basic macro-economic assumptions.
The first focus is to create a more efficient budget and allocations for subsidized energy. Under this policy, the government will gradually decrease the consumption of subsidized fuel. To this end, the State Budget sets the Indonesia crude oil price at USD 105/barrel, the oil lifting target at 900 thousand/barrel/day, and a gas lifting target of 1,248 barrel of oil equivalent (BOE). In addition, the budget for oil and gas recovery is set at USD 16 billon. In line with this policy, the government will also develop new sources of renewable energy.
The State Budget also mandates the government to enforce sustainable development by accelerating the abolishment of poverty, increasing the competiveness of the Indonesian workforce, and establishing national connectivity. To support these goals, the State Budget includes obligations for the enhancement and expansion of quality and access to education and the national social security system.
The final important policy under the Bill is funds allocation for villages as a stimulus to effectively empower and improve village communities. This funding will be implemented in compliance with the recently issued Law No. 6 of 2014 on Villages.
As for macro—economic assumptions, the State Budget projects economic growth of 5.8 percent with inflation at 4.4 percent. Meanwhile, the Rupiah exchange rate is to be maintained at a maximum of IDR 11,900/USD. These assumptions were welcomed by fraction members from Golkar who see the targeted economic growth as a positive signal.
The House and the government also agreed to a budget deficit target in 2015 of IDR 245.9 trillion, equal to 2.21 percent of gross domestic income. This number is IDR 11.7 trillion lower that the initially proposed deficit before the Bill was passed.
State revenue is predicted to be IDR 1,793.6 trillion that will be generated from both tax and non-tax state revenue. Ahmadi Noor Supit, Head of the House Budget Office (Badan Anggaran DPR), informed that the tax ratio for 2015 has been set at 12.38 percent of the gross domestic income.
Based on these predictions, the National Mandate Party (PAN) is optimist of increasing the tax ratio to 13-14 percent if the government can better eradicate tax evasion and avoidance. Another suggestion put forward by PDIP, is to optimize tax income through a focus on tax on foreign companies.
In conclusion, the Minister believes that the State Budget provides the necessary basis to facilitate the upcoming transition to the new administration as a baseline for 2015. The Ministers was also quick to add, however, that the State Budget may be amended if the president-elect Joko Widodo finds that the substance of the State Budget does not match the government’s working programs.
(hot/kc)
Fitri Novia Heriani, Christina Desy
Just before ending their term in office, the 2009-2014 House of Representatives (House) passed the Draft Bill for the 2015 State Budget (“State Budget”) during its Plenary Session on Monday. Two-hundred and eighty-six lawmakers attended the meeting, representing the major factions of the House such as the Functional Group Party (Golkar), the Indonesia Democratic Party of Struggle (PDIP), and the Democratic Party.
Commenting after the State Budget was passed, the Minister of Finance, Chatib Basri, said that all House factions did make any significant protests as the State Budget was drafted in accordance with Law No. 17 of 2007 on the National Long-Term Development Plan for 2005-2025. To that extent, the State Budget sets out four important policies for state revenues and expenses in 2015 as well as basic macro-economic assumptions.
The first focus is to create a more efficient budget and allocations for subsidized energy. Under this policy, the government will gradually decrease the consumption of subsidized fuel. To this end, the State Budget sets the Indonesia crude oil price at USD 105/barrel, the oil lifting target at 900 thousand/barrel/day, and a gas lifting target of 1,248 barrel of oil equivalent (BOE). In addition, the budget for oil and gas recovery is set at USD 16 billon. In line with this policy, the government will also develop new sources of renewable energy.
The State Budget also mandates the government to enforce sustainable development by accelerating the abolishment of poverty, increasing the competiveness of the Indonesian workforce, and establishing national connectivity. To support these goals, the State Budget includes obligations for the enhancement and expansion of quality and access to education and the national social security system.
The final important policy under the Bill is funds allocation for villages as a stimulus to effectively empower and improve village communities. This funding will be implemented in compliance with the recently issued Law No. 6 of 2014 on Villages.
As for macro—economic assumptions, the State Budget projects economic growth of 5.8 percent with inflation at 4.4 percent. Meanwhile, the Rupiah exchange rate is to be maintained at a maximum of IDR 11,900/USD. These assumptions were welcomed by fraction members from Golkar who see the targeted economic growth as a positive signal.
The House and the government also agreed to a budget deficit target in 2015 of IDR 245.9 trillion, equal to 2.21 percent of gross domestic income. This number is IDR 11.7 trillion lower that the initially proposed deficit before the Bill was passed.
State revenue is predicted to be IDR 1,793.6 trillion that will be generated from both tax and non-tax state revenue. Ahmadi Noor Supit, Head of the House Budget Office (Badan Anggaran DPR), informed that the tax ratio for 2015 has been set at 12.38 percent of the gross domestic income.
Based on these predictions, the National Mandate Party (PAN) is optimist of increasing the tax ratio to 13-14 percent if the government can better eradicate tax evasion and avoidance. Another suggestion put forward by PDIP, is to optimize tax income through a focus on tax on foreign companies.
In conclusion, the Minister believes that the State Budget provides the necessary basis to facilitate the upcoming transition to the new administration as a baseline for 2015. The Ministers was also quick to add, however, that the State Budget may be amended if the president-elect Joko Widodo finds that the substance of the State Budget does not match the government’s working programs.
(hot/kc)