JAKARTA (Yosefardi) – Government of Indonesia and the Commission XI of Lower House of Representatives (DPR) had on Wednesday (June 11) approved to revise assumption for macro economic indicators of 2014 state budget.
The growth of economy is revised to 5-6%, inflation 5.3-7.3%, interest rate 5.5-6% and rupiah Rp11,000-Rp11,700 per US dollar. The electricity tariff hike would only add 0.2% to inflation.
As of April 2014, government’s revenues reached Rp413 trillion, or 24.8% of this year’s budget target. Tax revenue increased 1.2% while non tax revenues rose 2.2%.
While government’s spending totaled Rp432 trillion, or 23.5% of budget. Then the deficit amounted Rp19.57 trillion.