Head of the fiscal policy agency under Indonesia’s Ministry of Finance Febrio Kacaribu at a press conference on February 22. (Photo: ANTARA)Jakarta (VNA) – Indonesia's 2023 state budget will be prioritised forpost-COVID-19 pandemic economic recovery efforts, an official has said.
The 2023 state budget implementation is greatdue to positive economic growth trend, head of the Fiscal Policy Agency under theMinistry of Finance Febrio Kacaribu said at a press conference on February 22.
According to Kacaribu, the statebudget will also be channeled to create employment opportunities and reduce thepoverty rate, thereby bringing tangible results to people.
The official said he believes in a bright prospect foreconomic growth rate in 2023 despite the high risk of a global economicslowdown. However, the government will remain cautious of the dynamics in theglobal economy which will not be bad as previously forecast by the InternationalMonetary Fund.
He said that the government is still mullingover the amendment of a regulation on withholding foreign exchangeexport proceeds from the export of natural resources to improve nationalmacroeconomic stability.
Kacaribu stressed that the revision of theregulation will not contract the free foreign exchange policy, as the foreignexchange that will be retained only came from natural resources’ commoditytransactions.
Thegovernment will prepare incentives, such as a reduction in income tax on exportforeign exchange interest rate to 0%, so business players will be willing tokeep the foreign exchange for six months./.
