Anggaran Pendapatan dan Belanja Negara (APBN) 2024

Summary

The 2024 Indonesian State Budget (APBN) aims to respond to global economic challenges while fostering national development. It prioritizes economic transformation, focusing on inclusive, sustainable growth through policies like poverty eradication, reducing stunting, controlling inflation, and increasing investment. With a target economic growth of 5.2%, controlled inflation at 2.8%, and a budget deficit of 2.29% of GDP, the APBN will allocate funds to sectors like education, healthcare, social protection, infrastructure, food security, and national defense. The plan aims to reduce poverty, enhance human development, and stabilize the economy amid global uncertainties.

Takeaways

• 😀 The Indonesian government is committed to optimizing the 2024 State Budget (APBN) amidst rising global economic uncertainty and various national development challenges.
• 😀 The 2024 APBN aims to be responsive to economic dynamics, addressing challenges, and supporting national development agendas.
• 😀 The budget will focus on protecting the people and stabilizing the economy from global shocks, acting as a shock absorber.
• 😀 The government emphasizes accelerating economic transformation, focusing on inclusive and sustainable development.
• 😀 Short-term strategies include eradicating extreme poverty, reducing stunting, controlling inflation, and increasing investment.
• 😀 Mid-term strategies focus on improving human resources, accelerating infrastructure development, institutional reforms, simplifying regulations, enhancing the value-added of natural resources, and fostering sustainable economic growth.
• 😀 The 2024 APBN is based on macroeconomic assumptions such as 5.2% GDP growth, 2.8% controlled inflation, IDR 15,000 exchange rate, 6.7% 10-year bond yield, and a crude oil price of $82 per barrel.
• 😀 The government's revenue target for 2024 is IDR 2,823.3 trillion, with tax revenue of IDR 2,309.9 trillion, non-tax revenue of IDR 492 trillion, and grants of IDR 0.4 trillion.
• 😀 Expenditures for 2024 are set at IDR 3,325.1 trillion, with IDR 2,467 trillion allocated to central government spending and IDR 857.6 trillion for regional transfers.
• 😀 Key priorities in the 2024 budget include education (IDR 65 trillion), health (IDR 7.5 trillion), social protection (IDR 496.8 trillion), infrastructure (IDR 423.4 trillion), food security (IDR 14.3 trillion), and defense/security (IDR 300.9 trillion).
• 😀 The 2024 APBN aims to reduce poverty, with targets to keep poverty rates between 6.5% and 7.5%, extreme poverty between 0% and 1%, and unemployment between 5% and 5.7%. It also focuses on enhancing human development index and farmer/ fisherman exchange rates.

Q & A

What is the main goal of the 2024 APBN?

The main goal of the 2024 APBN is to optimize the national budget in response to economic challenges, stabilize the economy, protect the people, and support national development agendas.

How does the 2024 APBN aim to address global economic uncertainties?

The 2024 APBN aims to stabilize the economy and protect the people by acting as a 'shock absorber,' helping to mitigate the impact of global economic fluctuations.

What are the key components of the economic transformation strategy for 2024?

The strategy includes promoting inclusive and sustainable economic growth, increasing value-added in various sectors, and reducing inequality through various short-term and medium-term initiatives.

What are the short-term strategies identified in the 2024 APBN?

The short-term strategies focus on eradicating extreme poverty, reducing stunting, controlling inflation, and boosting investment.

What medium-term strategies are outlined in the 2024 APBN?

The medium-term strategies include enhancing the quality of human resources, accelerating infrastructure development, improving institutions, simplifying regulations, and promoting sustainable resource use.

What macroeconomic assumptions does the 2024 APBN rely on?

The APBN is based on assumptions of 5.2% economic growth, controlled inflation at 2.8%, an exchange rate of Rp 15,000 per USD, crude oil priced at $82 per barrel, and oil and gas lifting targets.

What is the projected revenue for the 2024 APBN, and how is it broken down?

The projected revenue for the 2024 APBN is 2,823.3 trillion IDR, with 2,309.9 trillion IDR from taxation, 492 trillion IDR from non-tax revenues, and 0.4 trillion IDR from grants.

What is the total expenditure allocation for the 2024 APBN, and what does it include?

The total expenditure for the 2024 APBN is 3,325.1 trillion IDR, including 2,467 trillion IDR for central government spending and 857.6 trillion IDR for transfers to regional governments.

What are the key priority areas for the 2024 APBN budget?

The key priorities include education (65 trillion IDR), health (7.5 trillion IDR), social protection (496.8 trillion IDR), infrastructure (423.4 trillion IDR), food security (14.3 trillion IDR), and defense/security (300.9 trillion IDR).

What fiscal management approach is highlighted in the 2024 APBN?

The 2024 APBN emphasizes maintaining strong fiscal discipline with a target budget deficit of 2.29% of GDP, amounting to 522.8 trillion IDR, while ensuring that spending is efficient and focused on strategic areas.

What are the expected development indicators for the 2024 APBN?

The expected indicators include a poverty rate of 6.5%-7.5%, extreme poverty reduced to 0-1%, unemployment at 5%-5.7%, a Human Development Index of 73.99-74.02, and specific exchange rates for farmers and fishermen.