ID :
76331
Thu, 08/20/2009 - 20:33
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Shortlink :
https://www.oananews.org//node/76331
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GOVT MAINTAINS 2010 STATE BUDGET`S DEFICIT PLAN OF 1.6 PERCENT
Jakarta, Aug 20 (ANTARA) - The government will maintain the 2010 State Budget's deficit plan of 1,6 percent of the National Gross Domestic Income (PDB) though several House factions asked to lower it zero percent.
"The world and national economy in 2010 is predicted to recover from the global financial crisis. In order to anticipate it, the government has set up plan of 1,6 percent deficit considering Indonesia's need to recover from the crisis," said Minister of Finance, Sri Mulyani, here on Thursday at Parliament building here.
Earlier, four factions namely the Democratic Pioneer Star (BPD), Indonesian Democratic Party of Struggle (PDIP), Prosperous Peace Party (PDS) and National Mandate Party (PAN) factions had asked the government to lower the 2010 deficit plan from 1,6 percent to nil percent.
Sri Mulyani explained that the government will keep the State Budget to be independent, healthier and sustainable. Several efforts along with consistent and effective reforms had been taken to increase the state's revenue while keeping state financing efficient and beneficial.
According to the minister, the state's fiscal policies through the State Budget must be in line with today's economic challenges. The State Budget, she added, needs to stabilize the national economy and accelerate economic growth when the private sector is in a depression.
Sri Mulyani also said, in the future, the State Budget's deficit plan will always be adjusted to recent economic conditions and national needs. To meet this goal, she said, the government will try to maintain the State Budget's continuity and lowering the government's debt ratio to the GDP.
"We also hope for increased tax, customs, and other potential revenue," she said.
In 2009, the deficit increased from 1,0 percent in the State Budget's plan to 2.4 percent in a revised State Budget. As the consequence of the economic decline, the state's revenue reduced and government's spending increased to anticipate the global crisis. ***
"The world and national economy in 2010 is predicted to recover from the global financial crisis. In order to anticipate it, the government has set up plan of 1,6 percent deficit considering Indonesia's need to recover from the crisis," said Minister of Finance, Sri Mulyani, here on Thursday at Parliament building here.
Earlier, four factions namely the Democratic Pioneer Star (BPD), Indonesian Democratic Party of Struggle (PDIP), Prosperous Peace Party (PDS) and National Mandate Party (PAN) factions had asked the government to lower the 2010 deficit plan from 1,6 percent to nil percent.
Sri Mulyani explained that the government will keep the State Budget to be independent, healthier and sustainable. Several efforts along with consistent and effective reforms had been taken to increase the state's revenue while keeping state financing efficient and beneficial.
According to the minister, the state's fiscal policies through the State Budget must be in line with today's economic challenges. The State Budget, she added, needs to stabilize the national economy and accelerate economic growth when the private sector is in a depression.
Sri Mulyani also said, in the future, the State Budget's deficit plan will always be adjusted to recent economic conditions and national needs. To meet this goal, she said, the government will try to maintain the State Budget's continuity and lowering the government's debt ratio to the GDP.
"We also hope for increased tax, customs, and other potential revenue," she said.
In 2009, the deficit increased from 1,0 percent in the State Budget's plan to 2.4 percent in a revised State Budget. As the consequence of the economic decline, the state's revenue reduced and government's spending increased to anticipate the global crisis. ***
