Illustrative image (Source: Internet)
 
Jakarta (VNA) – The Indonesian Government and House of Representatives have agreed on macroeconomic assumptions and development goals during their meeting to discuss the state budget draft for 2018.

The meeting aimed to allow the government to formulate a reliable and effective state budget plan.

The government and House of Representatives agreed to achieve the economic growth of around 5.2 – 5.6 percent, year-on-year inflation rate ranging from 2.5 – 4.5 percent, the rupiah’s exchange rate at 13,700 – 14,000 RP per USD, and the interest on three-month treasury notes at 4.6 - 5.2 percent.

They also agreed on the development goals, including the unemployment rate of 4.8 -5.2 percent, poverty rate of 8.5 - 9.5 percent, Gini ratio of 0.38 - 0.39, and human development index (HDI) of 71.98.

The government is expected to use the macroeconomic assumptions and development targets to formulate the financial notes for the 2019 state budget draft.-VNA