APBN Tekor Rp 309 T Hingga The Fed Pangkas Suku Bunga

Summary

The transcript covers various economic and corporate developments. It starts with Indonesia's state budget deficit in October 2024, standing at 3.7% of GDP, with a primary surplus. The financial situation is linked to an increase in state spending and a slight rise in revenue. Sri Rezeki Isman Tbk (Sritch) has laid off 20% of its workforce due to struggles in the textile industry. It also touches on the global economic outlook, including the U.S. Federal Reserve's interest rate cut and its potential impact on inflation under President Trump. Additionally, Nissan is facing a major workforce reduction due to declining sales. The video highlights the delicate balance of international trade, currency stability, and corporate adjustments in the current economic climate.

Takeaways

• 😀 Indonesia's state budget (APBN) has a deficit of IDR 9.2 trillion, 3.7% of GDP, while the primary balance remains in surplus with IDR 97.1 trillion.
• 😀 National spending increased by 14.1%, reaching IDR 2,556.7 trillion, while revenue grew by only 0.3% to IDR 2,247.5 trillion.
• 😀 PT Sri Rezeki Isman Tbk (Sritch), a textile company in Indonesia, laid off 10,000 employees, about 20% of its workforce, due to industry struggles.
• 😀 The layoffs at Sritch are aimed at business sustainability, not due to bankruptcy, with impacts mainly in the spinning department.
• 😀 The election of Donald Trump as U.S. president caused instability in Indonesia's exchange rate, leading to a depreciation of the rupiah against the U.S. dollar.
• 😀 Foreign capital outflows reached IDR 4.12 trillion, although there was an inflow of IDR 1.98 trillion into Indonesian government bonds (SBN) in October 2024.
• 😀 The yield on Indonesian government bonds increased to 6.76% due to market instability after Trump's election.
• 😀 Nissan is laying off 9,000 employees (6.7% of its global workforce) and reducing its production capacity by 20% due to declining global sales, particularly in North America, China, and Japan.
• 😀 Nissan's profits dropped by 90% between April and September 2024, prompting the workforce reductions and salary cuts.
• 😀 The U.S. Federal Reserve reduced interest rates by 25 basis points to 4.5%-4.75% in response to inflation concerns, marking its second consecutive rate cut.
• 😀 Fed Chair Jerome Powell emphasized the Federal Reserve's independence and stated that President Trump's election would not directly impact U.S. monetary policy decisions.

Q & A

What is the budget deficit for Indonesia's APBN until October 2024?

The budget deficit for Indonesia's APBN until October 2024 is IDR 9.2 trillion, which represents 0.37% of the country's Gross Domestic Product (GDP).

What is the primary balance status of Indonesia's APBN in 2024?

Indonesia's APBN recorded a surplus in the primary balance, amounting to IDR 97.1 trillion.

What are the key factors contributing to the APBN's deficit in 2024?

The deficit in APBN 2024 is due to state spending reaching IDR 2,556.7 trillion (76.9% of the planned budget), which grew by 14.1%, while revenue reached IDR 2,247.5 trillion (80.2% of the target), growing by 0.3%.

What steps did PT Sri Rezeki Isman Tbk (Sritex) take to manage its operations?

PT Sritex conducted an efficiency measure by reducing its workforce by 20%, impacting thousands of employees, due to challenges faced in the textile industry.

Why did Sritex need to implement efficiency measures?

Sritex implemented these efficiency measures as a business decision to ensure the continuity of the company amidst recent challenges in the textile industry.

What impact did Donald Trump's election have on Indonesia's economy in 2024?

Donald Trump's election as president affected Indonesia's economy negatively by slowing the Rupiah's exchange rate recovery against the US Dollar and causing foreign capital outflows, amounting to IDR 4.12 trillion in the SBN market.

What was the status of the Indonesian Rupiah after Donald Trump's election?

After Donald Trump's election, the Indonesian Rupiah experienced depreciation, following a temporary period of strengthening.

What is the trend in the yield of Indonesian government bonds (SBN) as of October 2024?

The yield of Indonesian government bonds (SBN) slightly increased to 6.76% in October 2024, after previously decreasing.

How many employees is Nissan planning to lay off due to the global decline in sales?

Nissan is planning to lay off 9,000 employees, which is about 6.7% of its global workforce, due to a significant drop in sales, particularly in North America, China, and Japan.

What actions has the US Federal Reserve (The Fed) taken regarding interest rates in 2024?

In 2024, The Fed reduced the interest rate by 25 basis points to a range of 4.5% to 4.75%, marking the second consecutive rate cut, in an effort to manage inflation that was approaching their target of 2%.