Govt, DPR agree on 2024 development indicator plan

id 2024 draft state budget,sri mulyani,finance minister,indonesian government,house of representatives,plan for development

Govt, DPR agree on 2024 development indicator plan

Finance Minister Sri Mulyani Indrawati (second from the right) at the 28th DPR RI Plenary Meeting Session, Period V, of Session Year 2022–2023 in Jakarta on Tuesday (July 4, 2023). The agenda of the meeting included the submission of reports on the results of preliminary discussions on the RAPBN for the 2024 fiscal year and government work plans for 2024. (ANTARA/HO-Instagram @smindrawati/rst)

Jakarta (ANTARA) - The Indonesian Government and the House of Representatives (DPR) have agreed on a plan for development indicators in the Draft State Budget (RAPBN) for Fiscal Year 2024 and the Government Work Plan (RKP) for 2024."As stated by the deputy chairman of DPR's Budget Agency, Cucun Ahmad Syamsurijal, we have two targets in the RKP," Finance Minister Sri Mulyani Indrawati said in a post on her official Instagram account @smindrawati, which was accessed from here on Tuesday.

The first target is to restore the growth momentum by increasing productivity through various indicators. The next is pushing an increase in the quality and competitiveness of human resources as a representation of inclusive development, she informed.

Based on those two targets, the Budget Agency has prepared an agreement on development indicators for 2024 related to accelerating economic recovery and improving the quality and competitiveness of human resources, among others.

For economic recovery, the two parties have agreed to set a target for economic growth of around 5.1 percent to 5.7 percent from the previous proposal of 5.3 percent to 5.7 percent. Then, the target for the open unemployment rate (TPT) has remained in the range of 5.0 percent to 5.7 percent, Mulyani noted.

Meanwhile, the Gini ratio target has also remained in the range of 0.374 to 0.3777 and the target for reduction in greenhouse gas emissions is 27.27 percent, she added. For an agreement to improve the quality and competitiveness of human resources, the proposed values have remained, namely a human development index (IPM) in the range of 73.99 to 74.02 and a poverty rate of 6.5 percent to 7.5 percent.

Lastly, the government and the DPR have also agreed on the values of other development indicators, namely Farmers' Terms of Trade (NTP) in the range of 105 to 108 and Fishermen's Exchange Rates (NTN) in the range of 107 to 110.

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The minister emphasized that the fiscal policy plan for the 2024 fiscal year has been structured to remain expansive, directed, and measurable. "The architecture of the 2024 State Budget is designed to support those plans, an acceleration of economic transformation that is inclusive and sustainable," she said.