Jakarta (ANTARA) - Indonesia's trade balance has remained in surplus for the past 54 months amid a weakening global economy, according to Finance Minister Sri Mulyani Indrawati."Our trade balance has also been in a positive position for the past 54 months, experiencing a trade surplus where the value of our exports up to October 2024 reached USD24.4 billion," she said.
Speaking after the submission of the 2025 Budget Implementation List (DIPA) and Transfer to Regions Allocation List (TKD) at the Presidential Palace here on Tuesday, she noted that Indonesia's trade balance has swelled 10.2 percent in the past 54 months amid global uncertainty.
The trade balance surplus indicates that the export potential supported by both the manufacturing sector and downstream sectors is very large.
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In the draft 2025 State Budget, the government has set several macro assumptions for 2025, including economic growth of 5.2 percent, inflation of 2.5 percent, and interest rate on 10-year government securities of 7 percent.
Indrawati said that the 2025 State Budget has been designed with a deficit of Rp616.2 trillion, or 2.53 percent of the gross domestic product (GDP).
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The government has also assumed a rupiah exchange rate of Rp16 thousand per US dollar, crude oil price of Rp82 per barrel, oil lifting and gas lifting of 605 thousand barrels, and gas lifting of 1.005 million barrels per day.