Tag: Sri Mulyani Indrawati

Budget Draft (RAPBN) for 2019

Finance Minister Sri Mulyani Indrawati told the House of Representatives (DPR) on Friday last week (May 18) that the Government had set the target for economic growth in the range of 5.4- 5.8% year-on-year (y/y) for 2019. Inflation target is set in the range of 2.5-4.5% (y/y). The average rupiah exchange rate is estimated to be in the range of Rp13,700-14,000 per U.S. dollar in 2019. And the crude oil price is set in the range of US$60-70 per barrel.

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Stable Economy

The Finance Ministry claimed on Monday (Apr 16) that the economy was still strong in the first quarter (Q1) of this year, mainly supported by investment and government consumption. Import of raw materials and capital goods and sales of automotive vehicles for commercial purposes also increased.

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