Indonesia's Finance Minister Sri Mulyani (Source: antaranews.com)
Jakarta (VNA) – Indonesia’s state budget for2019 will focus on maintaining the momentum of prosperity of the people,Minister of Finance Sri Mulyani said.
An increase in the allocation of cash assistance distributed through the “FamilyHope Programme” will come through promptly for the benefit of the people, sheadded.
She revealed that the Government has increased the budget to improve humanresources in the fields of education and health.
Accordingly, the education budget rose from 440 trillion IDR (31 billion USD) tonearly 500 trillion IDR (around 37.7 billion USD). The health budget alsoincreased from 110 trillion IDR (7 billion USD) to 125 trillion IDR (nearly 10billion USD).
Meanwhile, the budget for infrastructure rose from 405 trillion IDR (28 billionUSD) to 410 trillion IDR (29.3 billion USD).
Foreign capital flow has also begun to enter Indonesia,contributing to improving the balance of payments and reducing the pressure onthe rupiah, she said.
In 2019, the Indonesian Government will also give priority to stabilising foodprices and job opportunities.
Indonesia’s economic growth is forecast to grow by around 5.15 percent in 2019,while its inflation is expected to be controlled under 3.5 percent, and therupiah exchange rate will continue to be maintained.
Indonesian President Joko Widodo noted that the realisation of the 2018 state budgetshowed a sound and credible performance, and the country will continue toconcentrate on improving the livelihoods of its people. –VNA
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