Deputy Chairman of the House of Representatives, Sohibul Iman, said that
President Susilo Bambang Yudhoyono has officially filed draft state budget
[RAPBN] for 2014 financial year to the house or representatives. This was
raised of the opening of the plenary meeting at the parliament building on
Monday (5/20).
The House of Representative (Parliament) received a letter form the
President about submission of draft state budget for 2014 on Friday, May 17,
201. Furthermore, Sohibul seeks the approval of the meeting to forward the
letter to be processed by the parliament’s consultative body (Badan Musyawarah
DPR), and the request was approved unanimously by all members of the
parliament.
Talking points about draft 2014 state budget was presented by the
minister of national development planning, Armida Alisjahbana. The talking
points presented are related to the macroeconomic framework and fiscal policy
points in 2014.
The industrial sector will be moving to meet world’s demand. In
addition, domestic demand is also projected to increase, supported by the
increase in purchasing power and the arrangement of the general election.
It is estimated that in 2014 the national economy is able to grow better
than in 2013. The global economy is projected to rebound and volume of world
trade to increase. The increase in global demand will also affect national
economic activity, especially in terms of export and import.
However, one of the problems faced by the government currently is
increasing energy subsidy in line with the increase in fuel consumption by the
public. Increase in fuel subsidy is a source of pressure on the fiscal, and it
limits the capacity of the state budget (APBN) to fund the infrastructure which
is mush needed in boosting production capacity and future economic growth.
By considering several factors which may affect the occurrence of
inflation and fiscal policy, monetary and the real sector in controlling
inflation, inflation in 2014 is projected to move around the target range of
4.5 plus minus 1 percent. (E)
Business News - May 24,2013
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