Home News THE HOUSE APPROVES THE 2018 STATE BUDGET DRAFT

THE HOUSE APPROVES THE 2018 STATE BUDGET DRAFT

VOI NEWS 12.07.2017 

THE HOUSE APPROVES THE 2018 STATE BUDGET DRAFT

The Plenary Session of the House of Representatives in Jakarta on Tuesday approved the draft State Budget of 2018. Several points agreed in the draft include the 2018 development targets covering unemployment, poverty, human development index and economic growth targets. In his report Chairman of the Budget Agency of the House of Representatives Aziz Syamsuddin said that the Budget Agency approved the assumption of unemployment numbers in the range of 5.0 to 5.3 percent. The poverty rate is at 9.5 to 10 percent. While the human development index agreed on 71.5.

"Development target in 2018, first about the unemployment agreed at 5,0-5,3 percent. Secondly, the poverty rate on 9,5-10 percent. Gini ratio 0,38. And the human development index at 71,50."

Furthermore Chairman of House Budget Agency Aziz Syamsuddin mentioned that in the 2018 State Budget draft, the economic growth was agreed at 5,2-5,6 percent with inflation rate of 2,5-4,5 percent. Aziz conveyed the achievement of the Open Unemployment Rate (TPT) and the Poverty Rate in 2018 greatly influenced the achievement of economic growth to generate employment opportunities. According to him, new quality job opportunities are needed to reduce TPT. In addition, the decline in unemployment is also expected to have implications for reducing the number of poor people within the country// (Ndy)

 

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