Indonesian Government and Commission XI Agree on Budget Revision
The Indonesian government and Commission XI of the House of Representatives (DPR) agreed on several macroeconomic projections for the 2013 Revised State Budget (RAPBN-P 2013). The government requested a number of modifications to the 2013 State Budget as earlier assumptions, mentioned in the original 2013 State Budget, were not in line with the current economic conditions. Before reaching the agreement, fractions in the commission changed a number of proposed revisions of the government.
Below are the revisions to the 2013 State Budget:
| State Budget 2013 |
State Budget Revised |
|
| Economic Growth annual percent change |
6.8 | 6.2 - 6.5 |
| Inflation annual percent change |
4.9 | 6.0 - 7.2 |
| Exchange Rate IDR/USD |
9.300 | 9.600 |
| Interest Rate Treasury Bills percentage |
5.0 | 5.0 |
| Indonesian Crude Oil USD$/barrel |
100 | 108 |
| Oil Lifting thousand barrels/day |
900 | 840 |
| Natural Gas Lifting barrel of oil equivalent/day |
1.360 | 1.240 |