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2025 fiscal draft paves way for transition to Prabowo
A cabinet meeting on Monday reportedly included discussions on the aspirational programs of Prabowo Subianto, indicating the outgoing administration's accommodative approach to President Jokowi's likely successor.
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Coordinating Economic Minister Airlangga Hartarto (left) and Agrarian and Spatial Planning Minister Agus Harimurti Yudhoyono speak to reporters on Feb. 26, 2024 outside Airlangga’s office in Jakarta. (JP/Deni Ghifari)
T
he administration of President Joko “Jokowi” Widodo looks set to accommodate the policies expected of the next government in its fiscal planning.
To ensure a smooth political transition later this year, a cabinet meeting on the draft macroeconomic projection and fiscal policy (KEM-PPKF) on Monday reportedly also discussed the economic programs proposed by the team of presumptive president Prabowo Subianto.
The draft is to be used for the 2025 state budget bill to be presented to the House of Representatives in August and expected to be passed before Jokowi steps down in October.
While the official results of the general election on Feb. 14 are to be announced in March, pollsters’ quick count results point to the defense minister succeeding Jokowi.
Coordinating Economic Minister Airlangga Hartarto mentioned “continuity” as a paramount consideration for the KEM-PPKF, and hence “elements of the next government’s priority programs” were included at Monday’s meeting toward more detailed discussions next month.
Airlangga, who also chairs the Golkar Party that backed Prabowo’s campaign, said on Monday that the cabinet meeting had discussed the free school lunch program, one of the former general’s key campaign promises.
Speaking to reporters after the meeting, Finance Minister Sri Mulyani Indrawati said calculations for the free lunch program had been included in the KEM-PPKF’s 2025 budget deficit projection of between 2.45 and 2.8 percent of GDP.
