Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
2022 Budget Financing
Economic Recovery and Structural Reform
Macroeconomic Assumption
Description (IDR
Trillion)
Budget
2022
Perpres
98/2022
for 2022 Budget
ע
The main points of fiscal policy :
1. Consolidating economic
recovery
while still prioritizing the handling of
the health sector as the key to
economic recovery;
A. State Revenue
1,846.1
2,266.2
1.
Tax Revenue
1,510.0
1,784.0
Economic Growth
5.2%
ICP
US$ 63
per barrel
2. Social
Non-tax Revenue
335.5
481.6
Oil Lifting
703
thousand
barrel/day
3.
Grants
0.6
0.6
B. State Expenditure
2,714.2
3,106.4
Inflation
3.0%
Central Government
1.
1,944.5
2,301.6
Expenditure
Regional Transfer &
2.
769.6
804.8
Village Fund
Exchange Rate
14.350
IDR/USD
C. Primary Balance
(462.2)
(434.4)
D. Surplus (Deficit)
(868.0)
(840.2)
oil equivalent/day
10 years T-Bonds
% of GDP
(4.85)
(4.50)
E. Financing
868.0
840.2
Rate
6.80%
Gas Lifting
1.036
thousand barrel of
that
protection programs
strengthen the foundations of social
welfare, alleviate poverty and
vulnerability, including strengthening
the leverage of MSMEs and the
business world to be able to rise again
stronger and more resilient;
3. Supporting increased competitiveness
and productivity by implementing
structural reforms (UU Cipta Kerja)
and fiscal reforms; and
4. Optimizing revenue and strengthening
spending better, both in the Central
Government and in regional
governments, as well as financing
innovations in the context of equitable
and sustainable fiscal consolidation.
Source: Ministry of Finance
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