Maintaining Market Confidence
The government is optimistic it will be able to meet 100 percent of the state revenue target in the 2018 state budget and lower the state budget deficit. In order to maintain market confidence, no revision will be made in the 2018 state budget.
Finance Minister Sri Mulyani Indrawati (second left) with National Development Planning Board head Bambang Brodjonegoro (second right), Bank Indonesia Governor Perry Warjiyo (left) and Deputy Minister of Finance Mardiasmo (right) attend a joint working meeting at the House of Representatives in Senayan, Jakarta, Wednesday (11/7/2018). The meeting discussed the 2019 state budget and the government’s work plans in 2019 with the submission and ratification of the working committee’s reports.
JAKARTA, KOMPAS – The government has decided not to revise the 2018 state budget, although a number of macro assumptions no longer reflect the real condition. The decision was made in order to ensure there are no major changes in budget disbursement.
The policy is part of the government’s effort to maintain market confidence.