Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Indonesia>>Economy>>House approves macroeconomic assumptions in 2018 state budge
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.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                         September 18, 2017 Subsribe Now !
• Indonesia books $1.72b trade surplus in August Subcribe: Asean Affairs Global Magazine
• Vietnamese gold trading market slows to a crawl
Groundbreaking for LRT-MRT common station set for Sept. 29 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• House approves macroeconomic assumptions in 2018 state budge
• Viet Nam wants foreign investors for SOE equitisation 
Asean Analysis                  September 15,  2017
• Asean Analysis September 15, 2017
Trump-Najib Meeting Gives Malaysia-U.S. Relations Shot of Adrenaline
Advertise Your Brand

Asean Stock Watch   September 15,  2017

• Asean Stock Watch-September 15, 2017
The Biweekly Update
• The Biweekly Update  September 15, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

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

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2019 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com