2025 State Budget: Spending More Than Income? Prabowo's Economic Direction is Confusing!

Summary

The video discusses the economic challenges facing Indonesia under the current administration of Prabowo. With the approval of the 2025 state budget (APBN) showing a deficit where spending exceeds income, concerns are raised about the feasibility of achieving revenue targets amid widespread layoffs, a decline in purchasing power, and a struggling economy. The video highlights the lack of clear and effective economic policies, particularly regarding job creation, rising import tariffs, and the government’s efforts to balance spending with investments in key sectors like food, energy, and infrastructure. The narrator calls for clearer, more impactful economic strategies to secure the nation's future.

Takeaways

• 😀 The 2025 Indonesian state budget (APBN) was passed with a deficit, where expenditures are projected at 3,600 trillion IDR and revenues at only 3,000 trillion IDR.
• 😀 This budget imbalance raises concerns, especially in light of the ongoing economic downturn, including widespread layoffs, declining purchasing power, and business closures.
• 😀 Despite Prabowo's rhetoric about improving the welfare of the people, there have been no clear economic policy breakthroughs to tackle the rising unemployment and falling consumption.
• 😀 The government has yet to introduce effective measures to address the high import tariffs, business bankruptcies, and the decreasing tax revenue, which impacts the national economy.
• 😀 While there is a focus on economic growth and public welfare, Prabowo's government has not yet implemented policies that address key issues like job creation, holding off layoffs, or stimulating domestic consumption.
• 😀 The government's fiscal policy, which includes creating a new investment entity, Antara, to mobilize assets from state-owned enterprises (SOEs), remains controversial and lacks clear direction for supporting the budget.
• 😀 The budget for essential public services, like education, research, health, and infrastructure, has been cut or reduced due to the need for fiscal efficiency, leading to diminished social benefits.
• 😀 Policies meant to balance the budget include large-scale projects such as a 400 trillion IDR allocation for free nutritious food and 18.6 trillion IDR for the development of the new capital (IKN), but these have been criticized for lacking practicality and clarity.
• 😀 The government claims budget efficiency, but this has led to a reduction in key allocations for public welfare, including funding for MSMEs (Micro, Small, and Medium Enterprises) and job creation, which ultimately decreases people's purchasing power.
• 😀 The overall economic strategy under Prabowo's leadership has been described as uncertain and lacking a clear direction, resulting in a gloomy outlook for Indonesia's economic future, with concerns about a deeper economic crisis.

Q & A

What is the primary concern raised about Indonesia's 2025 state budget (APBN)?

The primary concern is that the 2025 APBN shows a significant budget deficit, where the government's expenditures are expected to be 3,600 trillion IDR while the revenue is only 3,000 trillion IDR, meaning the spending exceeds the income. This imbalance is seen as unsustainable and dangerous for the economy.

Why is the economic policy under Prabowo's government considered confusing?

The economic policy is considered confusing because there is a lack of clear and practical strategies to address issues such as rising unemployment, decreasing public purchasing power, the challenges faced by small businesses, and the overall stagnation in the economy. The policies seem disconnected from the real economic challenges.

What are the key issues affecting the economy, according to the script?

Key issues affecting the economy include widespread layoffs, a decline in purchasing power, many small businesses going bankrupt, high import tariffs from the United States, and stagnant economic growth. These factors are contributing to a negative economic environment.

How does the script describe the government's approach to addressing the economic challenges?

The script describes the government's approach as lacking effective policies or breakthroughs. Although Prabowo emphasizes improving the welfare of the people, concrete actions to create jobs, manage layoffs, and boost purchasing power are not visible.

What is said about the government's budget allocation for certain sectors?

The government has allocated significant portions of the budget to certain sectors, such as 400 trillion IDR for free nutritious meals and 18.6 trillion IDR for developing the new capital (IKN). However, these allocations come at the cost of reduced funding for essential sectors like education, health, infrastructure, and support for small businesses.

What is the role of the Andantara agency mentioned in the script?

The Andantara agency, which aims to gather assets from several state-owned enterprises (BUMNs) amounting to 14,000 trillion IDR, is introduced as a new institution for managing investments both domestically and internationally. However, its effectiveness and long-term impact remain uncertain, and it has sparked controversy.

What is the government's stance on efficiency in the 2025 budget?

The government is focusing on budget efficiency, with plans to reduce some expenditures by 700 trillion IDR. While this aims to reduce the overall budget deficit, it also leads to cuts in various public services and welfare programs, which could negatively affect the general population.

What are the expected consequences of the proposed budget cuts?

The budget cuts are expected to result in a reduction of funding for critical sectors like education, health, and small business development. This could lead to lower job creation, declining public services, and a further reduction in purchasing power.

How does the script suggest that the government's economic strategy could affect the public?

The script suggests that the government's economic strategy, with its focus on budget cuts and inefficiencies, may lead to increased public dissatisfaction. The lack of clear, impactful policies to address unemployment and improve living standards could make the economic situation worse for ordinary citizens.

What is the overall tone of the analysis presented in the script about Indonesia's economic future?

The overall tone is one of concern and skepticism. The script implies that Indonesia is entering a 'dark phase' in terms of its economic future, with uncertain policies and a lack of clear direction under the current government's leadership.