"The first phase of deliberation has been agreed upon. We are ready to bring it to a plenary session tomorrow," Finance Minister Agus Martowardojo said.Jakarta (ANTARA News) - The government and the House of Representatives (DPR) have agreed on the draft 2013 state budget, Finance Minister Agus Martowardojo said.
The draft state budget will be brought to a House plenary session on Tuesday for endorsement into a law, the minister said after attending a meeting with the House`s budgetary body at the parliament building here on Monday night.
"The first phase of deliberation has been agreed upon. We are ready to bring it to a plenary session tomorrow," he said.
Both the government and the House have agreed to set state revenues and spending for 2013 at Rp1,529 trillion and Rp1,683 trillion respectively and that the budget deficit will reach 1.65 percent of gross domestic product, he said.
He said tax receipts are projected to reach Rp1,121.6 trillion with a tax ratio of 12.87 percent and non-tax state revenues are expected to increase to Rp332 trillion.
The government and the House have also agreed to set state spending on goods at Rp166.98 trillion, personnel expenditure at Rp241.1 trillion, capital spending at Rp216.54 trillion and miscellaneous spending at Rp19.98 trillion, he said.
He said energy subsidy is set at Rp274.78 trillion consisting of fuel subsidy worth Rp193.8 trillion and electricity subsidy worth Rp80.9 trillion, while non-energy subsidy is projected to reach Rp42.4 trillion.
"The government looks set to raise power tariffs by 15 percent in 2013 and the reduction of electricity subsidy projected to reach Rp11.8 trillion will be allocated for infrastructure development," he said.(*)
Editor: Heru Purwanto
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