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Govt sets RI'€™s 2015 macroeconomic assumptions

The government has set some basic macroeconomic assumptions in the country's state budget plan (RAPBN) for the 2015 fiscal year

The Jakarta Post
Jakarta
Tue, May 20, 2014

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Govt sets RI'€™s 2015 macroeconomic assumptions

The government has set some basic macroeconomic assumptions in the country's state budget plan (RAPBN) for the 2015 fiscal year.

The assumptions cover economic growth, the inflation rate, the rate of the three-month government debt papers (SPN), the rate of the rupiah against the US dollar, as well as crude oil prices.

Finance Minister M. Chatib Basri said that the government, Bank Indonesia and the Financial Services Authority (OJK) have predicted that the rupiah will be traded at between 11,500 and 12,000 per US dollar throughout 2015.

The projected rate was established after looking at various internal and external factors such as the impact of the US monetary tightening policy.

Meanwhile, he said that economic growth next year was predicted to stand at between 5.5 and 6.0 percent.

"We need to maintain people's purchasing power through stability and accessibility of basic needs," Chatib said in Jakarta on Tuesday, on the sidelines of a hearing at the House of Representatives, as quoted by kompas.com.

In addition, he said that inflation would stay at 4 percent, with a possible variation of plus or minus 1 percent.

For the three-month SPN, he said that the figure would be between 6.0 percent and 6.5 percent.

"The rate is a little higher than in 2014," he added.

Moreover, the government has set an assumption that the price of crude oil will range from US$95 to $110 per barrel. (nfo)

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