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View all search resultsThe government of Indonesia, a nation and state concerned about its future generations, has established specific policies in the State Budget (APBN) to enhance the well-being of children. These policies cover various aspects, including health, education and quality of life.
The state budget for fiscal year 2024 was passed through Law No. 19/2023 on Oct. 16. In that law, the government targets state revenue of Rp 2,802.29 trillion and state expenditure of Rp 3,325.12 trillion, making for a deficit of Rp 522.83 trillion or around 2.29 percent of Gross Domestic Product (GDP).
The 2024 state budget has been approved by the government at Rp 3,325.1 trillion. It serves as a crucial instrument for confronting global upheavals, such as pandemics, energy price increases and rising food prices. It also acts as an instrument of economic recovery and protecting the public. One noteworthy form of state budget expenditure is investing in state assets.
According to the recent study released by the Central Statistics Agency (BPS) earlier this month, the national economy in the third quarter of 2023 grew by 4.94 percent year-on-year (yoy). While the performance is positive, attention is drawn to the fact that the growth percentage is below the psychological threshold of 5 percent.
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