ID :
23802
Fri, 10/10/2008 - 21:06
Auther :
Shortlink :
http://m.oananews.org//node/23802
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GOVT REVISES INFLATION RATE ASSUMPTION FROM 6.2 TO 7.0 PCT
Jakarta, Oct 10 (ANTARA) - The government has revised its inflation rate assumption in the 2009 state budget from 6.2 percent to 7.0 percent, vice chairman of the House of Representatives (DPR)'s Budgetary Committee Harry Ashar Azis said here on Friday.
He said the government had submitted the revised assumption to the budgetary committee in an informal meeting on Thursday.
"We will hold a working meeting on Monday to give a chance to the finance minister to formally submit the revised version to the committee," Herry said.
In the next meeting, the government would also submit revisions of economic growth at 6.1 percent, interest rate of Bank Indonesia's three-month certificates at 8.5 percent, exchange rate at Rp9,300 per US dollar, Indonesian crude price at US$90 per barrel and budget deficit at 1.3 percent of the gross domestic product, he said.
"There is no change in the assumption of oil lifting which has been set at 960,000 barrels per day," he said.
Herry said that in the next meeting on Monday, a decision on all of the proposals would be taken because it would be discussed by the Budget Expenditures Working Committee the next day.
"If there is no conclusion during the meeting on Monday, the government should be ready to use the basic assumptions that have been made before," Herry said.
On Monday, September 22, 2008, the government and the DPR's Budgetary Committee agreed to fix the assumption rates in the 2009 state budget at 6.3 percent for economic growth, 6.2 percent for inflation, Rp9,150 per US dollar for the rupiah exchange rate, 8.0 percent for Bank Indonesia's certificate interest, 960,000 barrels per day for oil lifting, US$95 for Indonesian crude and Rp5,309.37 trillion for gross domestic product.
But on Sunday, October 5, Finance Minister Sri Mulyani Indrawati said the government would propose revisions in the assumptions made in the state budget due to the weakening global economic growth.
He said the government had submitted the revised assumption to the budgetary committee in an informal meeting on Thursday.
"We will hold a working meeting on Monday to give a chance to the finance minister to formally submit the revised version to the committee," Herry said.
In the next meeting, the government would also submit revisions of economic growth at 6.1 percent, interest rate of Bank Indonesia's three-month certificates at 8.5 percent, exchange rate at Rp9,300 per US dollar, Indonesian crude price at US$90 per barrel and budget deficit at 1.3 percent of the gross domestic product, he said.
"There is no change in the assumption of oil lifting which has been set at 960,000 barrels per day," he said.
Herry said that in the next meeting on Monday, a decision on all of the proposals would be taken because it would be discussed by the Budget Expenditures Working Committee the next day.
"If there is no conclusion during the meeting on Monday, the government should be ready to use the basic assumptions that have been made before," Herry said.
On Monday, September 22, 2008, the government and the DPR's Budgetary Committee agreed to fix the assumption rates in the 2009 state budget at 6.3 percent for economic growth, 6.2 percent for inflation, Rp9,150 per US dollar for the rupiah exchange rate, 8.0 percent for Bank Indonesia's certificate interest, 960,000 barrels per day for oil lifting, US$95 for Indonesian crude and Rp5,309.37 trillion for gross domestic product.
But on Sunday, October 5, Finance Minister Sri Mulyani Indrawati said the government would propose revisions in the assumptions made in the state budget due to the weakening global economic growth.
