The Government and the House of Representatives have agreed on several macroeconomic indicators that will be used as the basic assumptions for the drafting 2021 State Budget. Some of the predetermined indicator numbers are as follows: Economic Growth (4.5% -5.5%), Inflation (2% -4%), IDR / USD exchange rate (13,700 – 14,900), and 10-year SBN interest rates (6.29% – 8.29%).
The government has projected negative economic growth for the Q2/2020 as the impact of the COVID-19 pandemic peaks. However, various stimulus and economic spending have been designed to maintain economic activities both in terms of demand/consumption, as well as supply/production. It is hoped that this will be a positive driver for Indonesia’s economic recovery entering semester II/2020.