Blak-blakan Kemenkeu Soal Target Pajak & Fiskal RI di 2024

Summary

Indonesia's economic outlook for 2024 is optimistic, with a target growth rate of 5.2%. Despite global geopolitical challenges, the country has shown resilience, with 2023 growth exceeding 5%. Strong fiscal management, including effective tax collection and government spending, has played a key role in supporting economic stability. The government has kept the fiscal deficit well under control, and is committed to maintaining this positive trajectory in the face of external risks. The continued focus on fiscal consolidation and strategic policies is expected to sustain growth into 2024.

Takeaways

• 😀 Indonesia's economy has been resilient, with growth surpassing 5% in 2023, exceeding expectations in a challenging global environment.
• 😀 Geopolitical risks remain a significant challenge for 2024, expected to have medium to long-term impacts on the economy.
• 😀 The government's fiscal policy continues to offer stability, which is crucial for sustainable economic growth.
• 😀 Indonesia's fiscal consolidation has been strong over the past three years, helping to maintain confidence in the economy.
• 😀 The government's spending in 2023 was vital in absorbing external shocks, such as high oil prices, while also supporting economic growth.
• 😀 Despite global headwinds, Indonesia is targeting a 5.2% economic growth for 2024, with strong domestic synergies to support this goal.
• 😀 Tax revenue growth in 2023 remained resilient, with a 7.7% year-on-year increase, contributing to fiscal health.
• 😀 The government is committed to maintaining a strong balance between tax collection and expenditure to support economic stability.
• 😀 The government's expenditure in 2023 has been focused on boosting consumption, particularly in central and regional spending, to maintain public purchasing power.
• 😀 The fiscal deficit is expected to be lower than initially projected, at around 2% for 2023, signaling healthier fiscal management.

Q & A

What is the economic outlook for Indonesia in 2024 as discussed in the transcript?

The economic outlook for 2024 is optimistic, with a target GDP growth of 5.2%. Despite global challenges, the government aims to maintain stability through strong fiscal policy, tax resilience, and public spending.

How did Indonesia manage to maintain economic growth in 2023 despite global challenges?

Indonesia's economy grew by over 5% in 2023 due to effective navigation of fiscal policies, structural reforms, monetary measures, and collaboration across various sectors, ensuring stability and growth despite global geopolitical and economic challenges.

What role does fiscal policy play in supporting economic growth in Indonesia?

Fiscal policy plays a critical role in providing stability to the economy. By maintaining a strong fiscal framework, including controlling the deficit and allocating public spending effectively, fiscal policy helps create a secure environment for businesses, supporting consistent economic growth.

How has tax revenue growth contributed to Indonesia's economic stability?

In 2022, tax revenue grew by 40%, leading to a high tax ratio of 10.39%. In 2023, tax revenue continued to grow by 7.7%, showing the resilience of the economy. Strong tax collections ensure the government can fund essential services and maintain fiscal discipline.

What is the significance of Indonesia's fiscal deficit target for 2024?

Indonesia aims to keep the fiscal deficit below 2% of GDP in 2024, which is a key indicator of fiscal consolidation. A low deficit helps maintain economic stability, reduces uncertainty for investors, and supports continued growth.

What specific strategies are being used to keep inflation and public spending in check?

The government has focused on fiscal discipline, strategic public spending, and targeted interventions such as managing subsidies and public investments. By absorbing external shocks, such as high oil prices in 2022, these measures help stabilize the economy and protect purchasing power.

How does the government ensure that fiscal policies support both short-term and long-term growth?

The government combines short-term fiscal flexibility with long-term structural reforms. This ensures immediate economic stability while laying the groundwork for sustainable growth through investments in infrastructure, education, and other critical areas.

What challenges does Indonesia face in 2024, and how are they preparing to handle them?

Geopolitical risks and global economic uncertainty are the main challenges for Indonesia in 2024. However, the government is preparing by strengthening domestic synergy, maintaining fiscal discipline, and targeting a steady growth trajectory of 5.2% despite these external headwinds.

How does the government plan to maintain public spending effectiveness in 2024?

The government plans to maintain public spending by focusing on high-impact investments that boost economic growth and support purchasing power. The priority will be to ensure that spending is directed toward essential sectors, such as health, infrastructure, and social welfare.

What was the fiscal performance in terms of public spending and tax collection in 2023?

In 2023, public spending remained strong, with a focus on maintaining stability and supporting economic growth. Tax collection grew by 7.7% year on year, demonstrating resilience. The fiscal deficit is expected to be lower than initially forecasted, showing the strength of fiscal consolidation.