2022 State Budget and Fiscal Incentives Presentation
Outlook of Domestic Economy Remains Robust
...domestic economic growth is predicted to rebound in 2021
2021 Economic Outlook
• Bank Indonesia projects economic growth in 2021 at the range 3.2-4.0%, and accelerate to 4.7%-5.5% in 2022.
Bank Indonesia projects inflation in 2022 to remain under control and within the 3.0±1% target corridor.
• Bank Indonesia projects current account surplus of approximately in the range 1.1-1.9% of GDP in 2022.
● Bank Indonesia projects credit growth in 2022 will be around 6.0-8.0%
LOAN
Π
Rp
Economic Growth
Inflation
CAD (% of GDP)
Credit Growth
2018
Realisation
5.17%
3.13%
2.98%
11.75%
2019
5.02%
2.72%
2.71%
6.08%
Realisation
2020
-2.07%
1.68%
0.4%
-2.4%
Realisation
2021
3.2-4.0%
1.87%
0.2%
5.24%
2022
4.7-5.5%
3.0±1%
1.1-1.9%
6-8%
Source Bank Indonesia
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