Of note, the inflation rate was set at 6.8 percent, the rupiah`s exchange rate at Rp9,000 per dollar, interest on state treasury notes at 5 percent, Indonesian crude price (ICP) at US$105 a barrel and oil lifting (oil sold) at 930 thousand barrels per day, Melchias Markus Mekeng, chief of the budget committee, said while reading out the outcome of the House`s plenary meeting with the government on Friday.
Further, state revenues and grants are set at Rp1,358.2 trillion, with domestic revenues projected at Rp1357.4 trillion and grants at Rp825.1 trillion.
The government and the House also agreed to set tax revenues at Rp1,016.3 trillion and non-tax state revenues at Rp341.14 trillion.
Meanwhile, state spending has been set at Rp1,548.3 trillion, consisting of the central government`s spending reaching Rp1,069.5 trillion, transfer funds to regions at Rp478.8 trillion and optimization funds at Rp13.6 trillion.
With state revenues and grants projected at Rp1,358.2 trillion and state spending at Rp1,548.3 trillion, both the government and the House agreed to set a deficit in the 2012 state budget at Rp190.1 trillion, accounting for 2.23 percent of the gross domestic product (GDP), he noted.
The deficit will be financed by domestic sources of Rp194.5 trillion and net foreign sources of minus Rp4.4 trillion, he added.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
