The government recently announced its 2016 macroeconomic framework and primary fiscal policies. The framework and policies will be used by the government and the House of Representatives to discuss the 2016 State Budget Draft.
Representing the government, the Minister of Finance, Bambang Brodjonegoro, explained details of the macroeconomic plan, which covers several key aspects including human resource development, acceleration of strategic industries such as energy and tourism, and ensuring equitable distribution of wealth.
These plans, according to the Minister, will be supported by appropriate fiscal policies including strong fiscal management, solid fundamental development, and qualitative economic growth. Some of the concrete plans that are being offered by the government are fiscal incentives for strategic economic activities, infrastructure acceleration, and financing innovation.
While optimist about the plan, the Minister admits that the global economic situation will have a direct impact on national economic development. Under current circumstances, the government estimates 2016 economic growth should be between 5.8-6.2 percent, with infation of 3 to 5 percent.
The government is also predicting the rupiah’s exchange rate will be between IDR 12,800 to 13,200 per USD. Additionally, it is estimated that oil lifting levels will reach 1,920-2,050 barrels per day, with gas production of around 1,100-1,200 oil barrel equivalent. Global oil prices, on the other hand, are predicted to remain at USD 60-80 per barrel.
Responding to the government’s plan, Lawmaker Desy Ratnasari (Commission VIII) expressed her hope that the 2016 State Budget Draft can also accommodate allocating funds for the protection of Indonesian children. She strongly believes that child protection is an important part of strategy for the development of human resources.
The government recently announced its 2016 macroeconomic framework and primary fiscal policies. The framework and policies will be used by the government and the House of Representatives to discuss the 2016 State Budget Draft.
Representing the government, the Minister of Finance, Bambang Brodjonegoro, explained details of the macroeconomic plan, which covers several key aspects including human resource development, acceleration of strategic industries such as energy and tourism, and ensuring equitable distribution of wealth.
These plans, according to the Minister, will be supported by appropriate fiscal policies including strong fiscal management, solid fundamental development, and qualitative economic growth. Some of the concrete plans that are being offered by the government are fiscal incentives for strategic economic activities, infrastructure acceleration, and financing innovation.
While optimist about the plan, the Minister admits that the global economic situation will have a direct impact on national economic development. Under current circumstances, the government estimates 2016 economic growth should be between 5.8-6.2 percent, with infation of 3 to 5 percent.
The government is also predicting the rupiah’s exchange rate will be between IDR 12,800 to 13,200 per USD. Additionally, it is estimated that oil lifting levels will reach 1,920-2,050 barrels per day, with gas production of around 1,100-1,200 oil barrel equivalent. Global oil prices, on the other hand, are predicted to remain at USD 60-80 per barrel.
Responding to the government’s plan, Lawmaker Desy Ratnasari (Commission VIII) expressed her hope that the 2016 State Budget Draft can also accommodate allocating funds for the protection of Indonesian children. She strongly believes that child protection is an important part of strategy for the development of human resources.