Investor Presentaiton
2022 Proposed State Budget Focused On Supporting
Economic Recovery And Structural Reform
Fiscal consolidation is carry on while anticipating the uncertainty
APBN
5,5
5.0
4.5
5,0
3.7
• Covid-19 handling and vaccination are the key
for the economic recovery
• The dynamics of the Covid-19 pandemic in 2021
and the risk of uncertainty in 2022 need to be
anticipated in the implementation of 2021 budget
and the 2022 fiscal policy
• The theme of the 2022 Fiscal Policy is to
continue support for the Economic Recovery
and Structural Reform
• The 2022 proposed budget will focus on health
sector and strengthening community protection
while remaining flexible in anticipating the
uncertainty
(2.20)
O
(2.10)
(4,85)
(5,82)
(6,14)
(348.7)
Deficit (IDR T)
Economic growth (%)
Deficit to GDP (%)
(868,0)
(947.7)
(961,5)
2019
2020
2021
outlook
2022
RAPBN
In 2023 fiscal deficit at <3% of GDP according to the mandate
of Law 2/2020.
In 2022 proposed budget, the deficit is maintained at around
4.85% of GDP to give smooth trajectory for fiscal consolidation
process.
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