The effectiveness of fiscal policy to support the acceleration of the national economy by helping to reduce the open unemployment rate in 2024 is reduced to a level of 5.0 to 5.7 percent. The poverty rate also continues to be suppressed in the range of 6.5 to 7.5
Jakarta (Armfalcon.com) – Indonesian Minister of Finance Sri Mulyani Indrawati targets Indonesia’s poverty rate to be reduced to a level of 6.5 percent to 7.5 percent in 2024.
This decline was followed by a target of reducing the open unemployment rate in the range of 5.0 percent to 5.7 percent.
“The effectiveness of fiscal policy to support the acceleration of the national economy by helping to lower the open unemployment rate in 2024 is reduced to a rate of 5.0 to 5.7 percent. The poverty rate also continues to be suppressed in the range of 6.5 to 7.5 percent,” said Sri Mulyani in Jakarta, Friday.
The poverty rate in Indonesia in September 2022 is 9.57 percent or 26.36 million people. This poverty rate increased slightly from March 2022 (9.54 percent) but lower than the poverty rate in September 2021 (9.71 percent).
In addition, the gini ratio or this ratio is expected to continue to improve with a range of 0.374 to 0.377, followed by the 2024 Human Development Index which is targeted at 73.99 percent to 74.02 percent.
He conveyed some of these targets at the DPR RI Plenary Meeting regarding the submission of the Macroeconomic Framework and Principles of Fiscal Policy (KEM PPKF) of the Draft State Revenue and Expenditure Budget (RAPBN).
Then the Farmers’ Terms of Trade (NTP) and Fishermen’s Exchange Rates (NTP) were also increased to reach a range of 105 to 108 and 107 to 110 respectively.
Furthermore, the State Treasurer explained, the government is also strengthening spending better for spending efficiency and effectiveness as well as encouraging the development of creative and innovative financing.
“This draft was prepared taking into account the developments and challenges and dynamics of the global and domestic economy. The challenges and risks that we must face, and the development targets that we continue to strive to achieve,” he said.
KEM PPKF 2024 cannot be separated from various achievements in the last 10 years. The minister noted that the Indonesian economy is in a relatively better situation amidst global shocks originating from the pandemic, geopolitics, climate change, and challenges from the digital economy.
Nevertheless, Indonesia must remain aware of these various external challenges and on the other hand Indonesia also has various challenging tasks in improving the structural foundation of the Indonesian economy.
“As the president has stated, namely infrastructure that is still lagging behind, Indonesia continues to implement policies and bureaucracy that are increasingly efficient, and also in terms of the quality of human resources,” he concluded.
Also read: Minister of Finance: Job creation is the first element of poverty alleviation
Also read: Vice President: Strengthen coordination to achieve zero percent extreme poverty
Also read: Indonesia targets ending extreme poverty faster than the SDGs
Reporter: Bayu Saputra
Editor: Biqwanto Situmorang
COPYRIGHT © BETWEEN 2023