The House decided to deliberate the draft 2012 State Budget after representatives of its party factions made overviews of the government`s explanations on the main guidelines of the draft budget.
With the global economy becoming increasingly prospective, the government had set itself an economic growth target of 6.5-6.9 percent for 2012,by consistently maintaining economic stability.
"In order to support the economic growth target, the government would continue to maintain economic stability from the aspects of prices (inflation) and the exchange rate of the rupiah against the greenback," Finance Minister Agus Martowardjojo said.
He said the government would do its best to reinforce the country`s economic fundamentals through policies that supported high economic expansion and sustainable macro economic stability.
"The government would also continue making comprehensive evaluations and new innovations and policies in various economic dimensions such as regulations, business procedures, bureaucratic performance, land procurement, law, taxation, and infrastructure conditions," he said.
He said that based on the factual economic and financial conditions at present, the government set its macro economic assumptions in 2012 for its economic growth at 6.5-6.9 percent, inflation at 3.5-5.5 percent, 3 month-state debenture interest rate (SPN rate) at 5.5-7.5 percent, rupiah currency rate at Rp9,000-Rp9,300, crude price(ICP) at US$75-95 per barrel and oil lifting at 950-970 thousand barrels per day (bpd).
(Uu.A014/HAJM)
Editor: Priyambodo RH
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