Investor Presentaiton
The 2022 Preliminary Budget to Keep The Commitment of Fiscal Consolidation
To manage the deficit backs at 3% of GDP in 2023, fiscal consolidation undertakes all together with
maintaining economic recovery
2022 Macroeconomic Assumption
Economic Growth (%, YoY)
Inflation (%, YoY)
Budget Posture
5.2-5.8
Description (IDR Trillion)
3.0±1
State Revenue
Tax Revenue
2022
1,833,5
1,895,4
1,499.3
10 year T-bonds Rate (%)
Exchange Rate (IDR/USD)
Indonesian Crude Price (USD/barrel)
Oil Lifting
(thousand barrel per day)
Gas Lifting
6.32-7.27
Non-Tax Revenue
322.4
1,528.7
363,1
Grants
1.8
3.6
13.900 15.000
Government Expenditure
2,630.6
2,776.6
Central Government Expenditure
1,859.6
1.991,6
55-65
Transfer to Region and Village Fund
771.0
785.0
Primary Balance
413.0
481.9
686-726
Surplus (Deficit)
(807,0)
(881.3)
% of GDP
4,51
4.85
(thousand barrel of oil equivalent per
day)
1,031 - 1,103
Financing
807.0
881.3
2022 Policy Directions
Increasing State Revenue
TAX REFORM
Administrative and Policy Reform for Fair and
Equitable Tax System
OPTIMIZING OF ASSET MANAGEMENT
INNOVATION TO INCREASE NON-TAX REVENUE
Productive Spending
Zero-Based Budgeting
Integrated & Targeted Subsidy and Effective Social Protection
Program
Strengthening Fiscal Decentralization Function
Improving quality control of intergovernmental transfers
Innovative and Sustainable Financing
Prudent and Sustainable Debt Management
Effective Investment Financing
Financial Deepening
Financing Innovation through SWF, SMV and PPP
Strong Cash Management for Efficient Fiscal Buffer
Source: Ministry of Finance
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