JAKARTA. The government has projected an optimistic economy in the 2017 state budget draft, with a 5.5 percent to 5.9 percent economic growth target. However, a conservative stance is taken for the state revenues projection. In the government’s 2017 macro-economic assumptions, the inflation target is set in the range of 3 percent to 5 percent and the exchange rate is targeted at between Rp 13,650 to Rp 13,900 per US dollar, oil prices at $35 to $45 per barrel, oil lifting at 740,000 to 760,000 barrels per day and gas lifting at 1 million to 1.1 million barrels per day. "Meanwhile, revenue will be conservative, with tax revenue rising less than an estimated Rp 30 trillion in 2017 from the revised 2016 state budget," Finance Minister Bambang Brodjonegoro said at the State Palace on Thursday.
The govt aims for 5.9% growth in 2017 budget
JAKARTA. The government has projected an optimistic economy in the 2017 state budget draft, with a 5.5 percent to 5.9 percent economic growth target. However, a conservative stance is taken for the state revenues projection. In the government’s 2017 macro-economic assumptions, the inflation target is set in the range of 3 percent to 5 percent and the exchange rate is targeted at between Rp 13,650 to Rp 13,900 per US dollar, oil prices at $35 to $45 per barrel, oil lifting at 740,000 to 760,000 barrels per day and gas lifting at 1 million to 1.1 million barrels per day. "Meanwhile, revenue will be conservative, with tax revenue rising less than an estimated Rp 30 trillion in 2017 from the revised 2016 state budget," Finance Minister Bambang Brodjonegoro said at the State Palace on Thursday.