The Government and the Commission XI of the House of Representatives (DPR) have on Wednesday (Sept 7) agreed on the assumption for macroeconomic indicators for the draft of the Country’s 2017 State Budget (RAPBN). The economic growth for 2017 is set at 5.1%. The budget spending cut also affects the down-revision of growth target for 2017. Inflation is set for 4%, the Rupiah at Rp13,300 per US dollar, and interest rate (for 3 months period) is set at 5.3%. The unemployment rate is set at 5.6%, the poverty rate at 10.5%, and the gini ratio is set for 70.1.
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