• News Archive
  • Simaster
  • Webmail
  • Directory
  • Crisis Center
  •  English
    • Indonesia
Universitas Gadjah Mada Universitas Gadjah Mada Universitas Gadjah Mada Universitas Gadjah Mada
  • Education
    • Doctoral dissertation
    • Inauguration of Professor
    • Graduation
  • Achievement
  • Research and Innovation
    • Research
    • Innovation
  • Campus Info
    • Cooperation
    • Seminar and Workshop
    • Student Community Service Program
    • Other
  • News Report
  • Home
  • News Report
  • Finance Minister: State Budget Deficit to Maintain Economic Growth Momentum

Finance Minister: State Budget Deficit to Maintain Economic Growth Momentum

  • 24 August 2017, 10:57 WIB
  • By: Marwati
  • 1782
Sri Mulyani: Defisit APBN 2018 Menjaga Momentum Pertumbuhan Ekonomi

Government spending in the State Budget Plan 2018 announced by President Joko Widodo on 16 August is Rp2,204.3 trillion, while state revenue is targeted at Rp1,878.4 trillion, or a deficit of Rp325.9 trillion. Finance Minister Sri Mulyani said despite this fact, the deficit does not endanger and even maintain the momentum of economic growth.

“We design the State Budget as such so that it won’t cause a shock. The deficit is getting smaller, but not removed. The momentum has to be maintained so that the economic growth is maintained,” she said when giving a public lecture at Magister Management UGM on Wednesday (23/8).

Sri Mulyani revealed Indonesia is experiencing good economic condition with positive economic growth. Among G-20 countries, she said, Indonesia ranks third in economic growth after China and India.

National economy in 2018, however, will be affected by global economic development that is facing uncertainties and limited growth. To accelerate the economy in 2018, the government will realise government spending which is effective, efficient, accountable while sticking to priorities, supported by optimal state revenue as well as measured and controlled sources of funding.

One of the ways to optimise the state revenue, said Sri Mulyani, is by increasing tax revenue. Tax ratio of Indonesia, according to the Minister, is still low, even if compared to countries with similar characteristics, such as Malaysia and Thailand.

The Minister further said to resolve national economic problems, it needs synergy with other instruments such as monetary policy, production system, private sector, and state enterprises as well as international roles.

“Not all problems can be resolved by the State Budget, but many can be settled. Our State Budget has to go with other instruments to bring Indonesia closer to its goals,” she said.

To achieve this, Minister Sri Mulyani asked participants of the lecture and the general public to help observe budget uses against possible abuse.The active public participation has important role to observe the government program and performance to carry out development and offer better public services.

“Now we’re holding the responsibility starting from the Independence Day to the goal of having a fair and welfare society. So, I want all the students here to also help observe that,” she said.

Similarly, Vice-Rector of UGM for Cooperation and Alumni, Dr. Paripurna, S.H., LL.M. appreciated the works of Minister Sri Mulyani and the Ministry. He asked UGM academic community to participate in supporting the government.

“By instilling a sense of belonging that the state budget is our common possession, together we can participate observing it to be healthy while our economy getting stronger,” said Paripurna. 

 

Related News

  • European Union Potential to Cause Global Crisis Threat

    Thursday,25 March 2010 - 10:15
  • Finance Minister: State Assets Ought to Give Added Value

    Wednesday,26 September 2018 - 9:16
  • Central Government Encourages Local Governments Not to be Late in Approving Regional Budget

    Thursday,19 May 2011 - 15:14
  • Diversity and Tax Amnesty Momentum Should be Retained

    Friday,16 December 2016 - 16:31
  • Global Economic Risk Still High

    Monday,27 February 2017 - 9:06

News Releases

  • Geography Alumna’s Aromatic Telon Oil Habbie Named 2023 Indonesia Brand Champion 03 February 2023
    Novita Anggraeni, an alumna of the UGM Faculty of Ge
    Salma
  • Bimasakti UGM Kicks Off Hybrid Technology Research 03 February 2023
    Bimasakti UGM has started researching hybrid technol
    Salma
  • 18,964 UGM Students Receive Scholarships, Director of Student Affairs Says 20 January 2023
    Universitas Gadjah Mada (UGM) annually allocates hundreds
    Salma
  • Prof. Budi Setiadi Daryono Recounts Origin of His Apple Melon Cultivar 'Hikapel' 16 January 2023
    In 2012, a team of researchers from the UGM Facult
    Salma
  • UGM Graduate Fajar Kelana Named Top 20 International James Dyson Award Winner 13 January 2023
    Fajar Sidik Abdullah Kelana, an alumnus of UGM and
    Salma

Event

No latest event at this time

Universitas Gadjah Mada
UNIVERSITAS GADJAH MADA
Bulaksumur Yogyakarta 55281
   info@ugm.ac.id
   +62 (274) 588688
   +62 (274) 565223
   +62 811 2869 988

PARTNERSHIP

  • Alumni
  • International Affairs

ABOUT UGM

  • Rector's Welcome
  • History
  • Vission and Mission
  • The Board of Executive
  • Management

VISIT UGM

  • Campus Map
  • Event

REGISTRATION

  • Undergraduate
  • Graduate
  • Vocational School
  • Professional Program
  • International Program

© 2023 Universitas Gadjah Mada

PRIVACY POLICYCONTACT