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NEWS UPDATES Asean Affairs    September  18,  2017  

House approves macroeconomic assumptions in 2018 state budge

The House of Representatives budget committee has approved the macro economic assumptions in the 2018 state budget with a slight change in the rupiah exchange rate and the exchange rate for three-month treasury bills (SPN).

On Thursday, lawmakers agreed to peg the value of the rupiah at Rp 13,400 per US dollar from Rp 13,500 earlier, as well as a lower rate for three-month treasury bills at 5.2 percent from 5.3 percent in the previous draft.

Prior to this approval, House Commission XI overseeing financial affairs had deliberated and agreed on the figures.

"If the currency rate becomes Rp 13,400, our revenues in dollars will be valued less in rupiah," the Finance Ministry's fiscal policy head Suahasil Nazara told reporters after the working meeting.

"On the other hand, our obligations in dollars, such as loan payments, will also be smaller."

The government will recount the revenue and spending positions of the state budget draft and present it to lawmakers next Monday, he added.

In addition to the changes, the committee also approved an economic growth projection of 5.4 percent, inflation rate at 3.5 percent, the Indonesia crude price at US$48 per barrel as well as oil and gas lifting of 2 million barrels, all unchanged from what was earlier proposed by the government.

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This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More






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