Gains on the management of foreign currency assets, projected to increase 17.9 percent to reach Rp31.8 trillion, from the targeted Rp27 trillion for 2019, are expected to offer the highest contribution to the surplus, BI Governor Perry Warjiyo stated at a hearing with the House of Representatives’ (DPR’s) Commission XI in Jakarta on Monday.
Receipts from supporting operational activities are projected to drop 34 percent to Rp23 billion, from the estimated Rp36 billion for 2019, he noted.
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On the similar lines, administrative revenues are estimated to register a slight decline of 3.1 percent to Rp84 billion, from the targeted Rp87 billion for 2019.
The central bank also forecast its expenditures for 2020 to climb 12.5 percent to touch Rp11.14 trillion, from the targeted Rp9.9 trillion set in its annual budget. In comparison with 2019, the expenditures in 2020 are expected to swell Rp1.24 trillion.
Spending on salaries and other expenses is targeted to rise to Rp3.74 trillion, up Rp206 billion, or 5.82 percent, from the targeted Rp3.54 trillion for 2019.
Expenditures on the management of human resources are projected to increase Rp615 billion, or 26.3 percent, to Rp2.94 trillion, from the estimated Rp2.33 trillion.
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Translator: Indra Arief Pribadi/Suharto
Editor: Fardah Assegaf
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