2022 State Budget: Fiscal Policy and Structural Reform
Macroeconomic Indicators Development
2020
INDICATOR
Realization
State
Budget
2021
Latest update
-2.07
5.0
Q3: 3.51% (yoy)
3.24 (ytd)
Economic Growth
(%, yoy)
Inflation
(%, yoy)
Exchange Rates
(Rp/US$)
1.6
3.0
14,578
14,600
10-years treasury bond yield
(%)
n/a
7.29
ICP (Oil Price)
40.4
45
(US$/Barrel)
Oil Lifting
706
705
(thousand barrel per day)
Gas lifting
975
1,007
(thousand barrel - equal oil per day)
Source: Ministry of Finance
1.30 (ytd)
1.75 (yoy)
(as of November)
14,343(eop)
14,313(ytd)
(as of Dec 17th)
5.99 (eop)
6.35 (ytd)
(based on latest
auction on Oct
26th)
80.13(eop)
68.07(ytd)
(as of November)
631.03(eop)
657.84 (ytd)
(as of October)
981 (eop)
Economic Indicator Development 2021
Economic growth: GDP for the third quarter of 2021
grew by 3.51% yoy or 3.24% (ytd)
Inflation rate: inflation in November was recorded at
0.37% (mtm) due to higher core and administered
price inflation along recovery of people's consumption
and mobility as the pandemic under controlled amid
slower volatile food inflation.
Rupiah Exchange Rate: The Rupiah was steady in the
mid of December 2021. Up to December 17th 2021,
the Rupiah (ytd) depreciated by 2.3% compared to the
initial exchange rate in 2021.
SBN 10 Years: The weighted average yield of 10-Year
Government Securities is 6.35% (ytd). The last auction
was on October 26, 2021, with a yield of 5.99%.
Indonesian Crude Oil Prices: The ICP price declined
due to weak demand along with Covid-19 cases
surging in Europe as well as production increase.
Oil and Gas Lifting: Oil and gas lifting up to October
2021 is 657.8 thousand bpd and 996 thousand bpd,
respectively.
996 (ytd)
(as of October)
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