{"id":113090,"date":"2017-05-30T12:16:49","date_gmt":"2017-05-30T05:16:49","guid":{"rendered":"https:\/\/setkab.go.id\/?p=113090"},"modified":"2017-05-31T14:25:17","modified_gmt":"2017-05-31T07:25:17","slug":"govt-revises-2017-state-budget","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/govt-revises-2017-state-budget\/","title":{"rendered":"Gov\u0092t Revises 2017 State Budget"},"content":{"rendered":"<div id=\"attachment_113093\" style=\"width: 310px\" class=\"wp-caption alignleft\"><a href=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2017\/05\/apbn.jpg\" rel=\"attachment wp-att-113093\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-113093\" class=\"size-medium wp-image-113093\" src=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2017\/05\/apbn-300x218.jpg\" alt=\"Finance Minister Sri Mulyani Indrawati answers reporters\u0092 questions after a limited cabinet meeting at the Presidential Office on Tuesday (30\/5). (Photo by: Public Relations Division\/Deni)\" width=\"300\" height=\"218\" srcset=\"https:\/\/setkab.go.id\/wp-content\/uploads\/2017\/05\/apbn.jpg 300w, https:\/\/setkab.go.id\/wp-content\/uploads\/2017\/05\/apbn-150x109.jpg 150w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-113093\" class=\"wp-caption-text\">Finance Minister Sri Mulyani Indrawati answers reporters\u0092 questions after a limited cabinet meeting at the Presidential Office on Tuesday (30\/5). (Photo by: Public Relations Division\/Deni)2<\/p><\/div>\n<p>The Government announced that it would adjust this year\u0092s State Budget following the change in the revenue target set in 2017 State Budget due to the surge in global crude oil and a poor projection for tax revenues.<\/p>\n<p>In the 2017 State Budget, the Government targeted to generate Rp1.75 quadrillion (US$131.3 billion) in revenues, of which Rp1.5 quadrillion was expected to come from tax revenues. <!--more--><\/p>\n<p>\u0093There is a quite significant change in the State Budget from state revenues because price of global crude oil is now US$50 dollar per barrel. The assumption of global crude oil price at the 2017 State Budget is $45 dollar per barrel,\u0094 said Indonesian Minister of Finance Sri Mulyani Indrawati to reporters after a limited cabinet meeting at the Presidential Office on Tuesday (30\/5).<\/p>\n<p>The tax revenues, the Minister said, would rise by only 13 percent, lower than 16 percent that was previously estimated. \u0093The revenues are not as high as the one estimated when we formulated the 2017 State Budget and the growth in tax revenues is based on the 2017 State Budget and the revenues in 2016. It was assumed that there would be a 16 percent growth. We estimate that the growth will be around only 13 percent,\u0094 Sri Mulyani said.<\/p>\n<p>\u0093With a 5.01 percent growth in the first quarter, we will need to have a higher growth of about 5.4 percent in the second, third, and fourth quarters. This will not be an easy challenge,\u0094 the Minister said.<\/p>\n<p>Nevertheless, Sri Mulyani estimated that Indonesia\u0092s economy possibly will grow although the Government still has to be careful in the second and the third quarters.<\/p>\n<p>On that occasion, the Minister said President Joko \u0091Jokowi\u0092 Widodo instructed Ministries and State Institutions to cut once again the spending on goods, including for business trips and the like. The Minister estimated that there will be approximately Rp16 trillion that can be gained from the cut and the funds will be allocated to compensate the drop in tax revenues, estimated to reach Rp15 trillion.<\/p>\n<p>Sri Mulyani added the Ministry is still formulating the revision of the State Budget, which is to be submitted to the House of Representatives (DPR) on June 5. (<strong>DNA\/DNS\/ES<\/strong>) <strong>(EP\/YM\/Naster)<\/strong><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Government announced that it would adjust this year\u0092s State Budget following the change in the revenue target set in 2017 State Budget due to the surge in global crude oil and a poor projection for tax revenues. In the 2017 State Budget, the Government targeted to generate Rp1.75 quadrillion (US$131.3 billion) in revenues, of [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":113093,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-113090","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.1 (Yoast SEO v26.1.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gov\u0092t Revises 2017 State Budget - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/govt-revises-2017-state-budget\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u0092t Revises 2017 State Budget - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"The Government announced that it would adjust this year\u0092s State Budget following the change in the revenue target set in 2017 State Budget due to the surge in global crude oil and a poor projection for tax revenues. 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