Indonesia prioritises spending for green economy transformation
Indonesia's state expenditures in the 2024 State Budget will be used to support the acceleration of a green economy, according to Finance Minister Sri Mulyani Indrawati.
Indonesian Finance Minister Sri Mulyani Indrawati. (Photo: Antara)
Jakarta (VNA) - Indonesia's stateexpenditures in the 2024 State Budget will be used to support the acceleration of a green economy, according to Finance Minister Sri Mulyani Indrawati.
State spending in 2024 is also aimed at completing priority infrastructure toaccelerate green economic transformation and support bureaucratic and stateapparatus reform, Indrawati told reporters on November 29, adding that State expenditure in the 2024 State Budget is up 8.6% compared to that of 2023.
She said that the 2024 State Budget makes utmost efforts to fulfil all nationaldevelopment priority programmes starting from protecting the people, includingvulnerable groups, restoring the economy, encouraging transformation,developing all corners of the region, and also improving defence and security.
According to Indrawati, the 2024 State Budget was prepared with the assumptionof optimistic macro indicators but remaining alert to the rapidly changingdynamics.
The basic macro assumptions in the 2024 State Budget comprise the economic growthof 5.2%, controlled inflation of 2.8%, exchange rate at 15,000 IDR per US dollar and interest rate on 10-year Government Securities (SBN) of 6.7%.
However, she said, assumptions from economic indicators in 2024 will still beinfluenced by developments in the global economy. It is necessary for thegovernment to harmonise the State Budget and Regional Budget as well as anticipate uncertainty, thereby necessitating automatic adjustment, she added.
Earlier, CoordinatingMinister for Economic Affairs Airlangga Hartarto assessed that the State Budgetalso prioritised projects to overcome climate change and encourageclimate-friendly activities. To this end, the government implementsa Climate Budget Tagging mechanism at the national and regional levels that isable to track climate change budget allocations as well as updated data on activitiesand results. Indonesia is implementing climate change resillence programmes to realise its vision of achievingnet zero emissions by 2060./.
Indonesia’s Ministry of Health has allocated 16 billion IDR (around 1.03 million USD) for trials involving the use of mosquitos with Wolbachia bacterium to check dengue spread in five Indonesian cities.
The Jakarta provincial administration has allocated 6.9 trillion Rp (446.9 million USD) in the 2024 city budget to curb traffic congestion in the capital city by improving public transportation.
The Republic of Korea (RoK), China and Japan agreed on May 3 to reinforce the regional financial safety net, along with members of the Association of Southeast Asian Nations (ASEAN), by launching a new financing facility programme meant to extend greater support in case of a financial crisis.
A technical issue combined with an extreme heatwave was blamed for a series of explosions at a military base that killed 20 soldiers and injured several others in Cambodia on April 27, the country’s Ministry of Defence said in a May 2 statement as reported by the Xinhua news agency.
The Customs Department of Thailand is scheduled to commence the collection of value-added tax (VAT) on imported goods sent via postal services, regardless of the goods value, starting in May.
A lecturer from Chulalongkorn University’s Faculty of Medicine has warned Thais to be more vigilant against COVID-19, saying infection rates appeare to be worsening with higher hospital admissions, deaths and severe cases.
Malaysia should harness the collective expertise and resources to drive sustainable growth and development of the halal industry, according to Minister of Investment, Trade and Industry Zafrul Abdul Aziz.
Laos has officially restored the 10% value-added tax (VAT) rate starting May 1, in a bid to support the country’s budget revenue and socio-economic development.
The ASEAN Future Forum 2024 (AFF 2024) entered its second plenary session in Hanoi on the afternoon of April 23, discussing ways to ensure comprehensive security for the people-centred ASEAN Community.
The first session of the ASEAN Future Forum 2024 (AFF 2024) in Hanoi on April 23 focused on fast and sustainable growth for the Association of Southeast Asian Nations (ASEAN).
The Canada-ASEAN Business Council (CABC) and the ASEAN Alliance on Carbon Markets (AACM) have signed a Memorandum of Understanding (MoU) to strengthen collaboration and accelerate the implementation of carbon crediting programmes across Southeast Asia.
ASEAN Secretary-General Kao Kim Hourn reaffirmed ASEAN leaders' commitment to empowering the youth to unleash their full potential when he had a dialogue with ASEAN youth in Hanoi on April 22 on the sidelines of the ASEAN Future Forum (AF 2024).
The Thai Government is being urged to increase the proportion of renewable power generation to more than the target of 50% set in the power development plan (PDP).
The Centre for Volcanology and Geological Hazard Mitigation (PVMBG) of Indonesia on April 21 lifted its tsunami advisory issued previously following the eruption of Mount Ruang in Sitaro district of North Sulawesi province.
Thailand expects to export about 1 million tonnes of durian, valued at an estimated 130 billion THB (3.53 billion USD) this year, with most of the shipments to China, according to Minister of Agriculture Thammanat Prompao.
The 72nd meeting of the ASEAN Working Group on Intellectual Property Cooperation (AWGIPC) and related meetings are being held by the Ministry of Science and Technology’s Intellectual Property Office (IPO) of Vietnam in the central city of Da Nang on April 22-26.
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
Indonesian Finance Minister Sri Mulyani Indrawati. (Photo: Antara) 
