Jakarta, August 05, 2024, The Europe Today: Indonesian President-elect Prabowo Subianto and Vice President-elect Gibran Rakabuming Raka have agreed on various macroeconomic conditions that will influence the implementation of the 2025 Fiscal Year State Budget, Finance Minister Sri Mulyani announced on Monday.
“Today, we have received approval from the president-elect and vice president-elect regarding the macroeconomic situations that, according to our forecast, will affect the 2025 State Budget,” Minister Mulyani stated following a meeting led by President Joko Widodo (Jokowi) concerning next year’s state budget draft in Jakarta.
The 2025 State Budget Draft is being prepared by the current government of President Jokowi and Vice President Ma’ruf Amin, along with the cabinet ministers. Minister Mulyani explained that the draft incorporates various macroeconomic assumptions from both global and national perspectives.
The assumptions for the 2025 State Budget Draft have been reported and approved by the president-elect and vice president-elect. Key economic factors that will influence the budget include economic growth, inflation, interest rates on government securities, the rupiah exchange rate, oil prices, and oil and gas lifting in the past decade.
Minister Mulyani highlighted the smooth progress of the government transition process and the ongoing intensive communication between President Jokowi and President-elect Prabowo.
“Communication is running intensely between the current government and the incoming administration of the president-elect and vice president-elect. Regarding detailed programs, we have also begun accommodating them and will later incorporate them into the financial note,” she noted.
Currently, ministers are finalizing instructions from President Jokowi and President-elect Prabowo for the preparation of the 2025 State Budget Draft. This collaboration reflects the commitment to a seamless transition and the alignment of economic strategies for the upcoming fiscal year.
