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This is The Proposed Macroeconomic Framework for The 2020 State Budget Draft

Jakarta, 20/05/2019 Ministry of Finance - Minister of Finance Sri Mulyani Indrawati delivered an Introduction and Government Explanation of the Macroeconomic Framework and the Principles of Fiscal Policy (KEM-PPKF) for 2020 for State Budget Draft (RAPBN) Material Year 2020.

"PPKF 2020 is designed to be a policy instrument that can ensure the direction of short, medium and long economic development goals," Minister of Finance explained at the House of Representatives (DPR) Plenary Meeting on Monday (20/05).

Minister of Finance, as Government representative, proposed the Macroeconomic Framework as follows:

Economic Value of 5.3 -5.6%;
Inflation rate of 2.0-4.0%;
The interest rate of 3-month Government Treasury Bill (SPN) is 5.0-5.6%;
The exchange rate of Rupiah is within the range of IDR 14,000-15,000/US$;
Indonesia's crude oil price is US $60-70/barrel;
Lifting Petroleum as many as 695-840 thousand barrels per day; and
Lifting natural gas 1,191-1,300 thousand barrels of oil equivalent per day. (ws/hpy/nr)