
Govt to Lower Rupiah Exchange Rate, Oil Price, Inflation in 2016 Draft of Revised State Budget
The Government ensured that it would propose the 2016 Draft of Revised State Budget (RAPBN-P) to the House of Representatives (DPR) on 17 May. In the RAPBN-P, the Government is still setting the target of economic growth at 5.3 percent; yet, rupiah exchange rate is predicted to fall from Rp13,900 to Rp13,400 per US$.