"We accept the Draft Law on the Amendment of Law No. 23/2013 on the 2014 State Budget," Deputy Speaker of the House Sohibul Iman said when leading a plenary session here on Wednesday night.
The plenary session began with hearing a report by the House Budgetary Body Chief Ahmadi Noor Supit on the revised budget as proposed by the government.
Ahmadi said assumptions in the 2014 Stage Budget which were revised included economic growth, the rupiah exchange rate and the oil lifting.
"The revised macro economic indicators are economic growth which in the first semester of 2014 was recorded at 5.21 percent, the rupiah exchange rate at Rp11.842 per US dollar and oil lifting at the average of 797 thousand barrels per day," he said.
He said that deliberations on the budget revision had been carried out intensively and comprehensively since May 21, 2014. It is expected to also be used by the next government which would begin in October, 2014.
"The revised budget will be implemented not only by the present government but also the next one. So, revision is made on consideration that it will not burden the next government," Ahmadi said.
Besides, the revised budget would also become the basis for the arrangement of the next state budget for 2015.
The basic assumptions that have been made among others economic growth at 5.5 percent, inflation rate at 5.3 percent, rupiah exchange rate at Rp11,600 per US dollar, three-month SPN (Treasury Bills) interest rate at 6.0 percent, Indonesian crude at US$105 per barrel, oil lifting at 818 thousand barrels per day and gas lifting at 1,224 thousand barrels oil equivalent per day.
Based on the basic assumptions, the Revised 2014 State Budget posture, among others, consisted of state revenues at Rp1,635.4 trillion and state expenditures at Rp1,876.9 trillion. Thus, the budget deficit amounted to Rp241.5 trillion, or about 2.4 percent of the Gross Domestic Products (PDB).
The funds to cover the deficit will come from loan financing set at Rp253.7 trillion and non-loan financing set at negative Rp12.2 trillion.
In the meantime, the state revenues which are set at Rp1,635.4 trillion will mostly come from tax income set at Rp1,246.1 trillion besides non-tax revenues amounting to Rp386.9 trillion.
Of the Rp1,876.9 trillion, about 1,280.4 trillion will be used for central government expenditures, consisting of Rp602.3 trillion for ministerial and Rp678.1 trillion for non ministerial state institutions.
For the subsidy control programs, about Rp403 trillion is made available consisting of Rp350.3 trillion for energy subsidies, namely Rp246.5 trillion for fuels, Rp103.8 trillion for electricity and Rp52.7 trillion for non-energy subsidies.
(T.SYS/A/A014/F001)
Editor: Aditia Maruli Radja
Copyright © ANTARA 2014
