Jakarta, Pakuan Pos – Minister of National Development Planning Suharso Monoarfa attended Plenary Cabinet Session, which discussed the Financial Note and the 2022 RAPBN, Monday (09/08/2021).
During the meeting, the Minister said that the 2022 Government Work Plan (RKP) was used as a guide in the preparation of the 2022 State Budget Bill and the 2022 Financial Note.
Bappenas targets economic growth target in 2022 between 5.2% to 5.8%. Meanwhile, the projections and assumptions of economic growth according to the Ministry of Finance are 5.0% to 5.5%.
Economic growth figures are used for different purposes. Bappenas uses economic growth figures for development targets, Ministry of Finance uses them for macro assumptions to prepare APBN, and Bank Indonesia uses them for projections.
During the meeting, the Minister also said that the Development Priority Projects in the 2022 RKP have identified potential non-government investments. However, government support and appropriate policies are needed to encourage the private sector to contribute to the acceleration of economic recovery, including accelerating the issuance of technical regulations of Ministries or Institutions.
“Bappenas has held a Ministerial Multilateral Meeting for sharpening and synchronizing plans for the implementation of Major Projects and special issues, as well as a Coordination Meeting with all Governors to discuss Major Projects in each province, but the funding has not been fully accommodated in the 2022 RAPBN,” said the Minister.
On the same occasion, the Minister also explained the development of social assistance and economic incentives as well as the proposed response to social assistance for the second wave of the pandemic.
There were 4 social assistance programs prior to the pandemic, namely the PKH program with 10 million families, basic food items with 15.6 million families, PIP with 25 million people, and PBI-JKN with 98 million people. Meanwhile, during the pandemic, social assistance increased to 12 programs, including the basic food program 18.8 million families, BST 10 million families, Pre-Employment Cards 8.4 million people, Wage Subsidy 8.73 million people, BPUM 12.8 million person.
The Minister added that Indonesia’s ratio of social transfers to GDP is smaller than other countries, but it is effective in preventing economic shocks during the pandemic.
“If the pandemic is prolonged in 2022, the budget requirement is Rp. 311 trillion and social assistance schemes must be simplified,” suggested Minister Suharso.
In closing, the Minister proposed that the role of Bank Indonesia in assisting the financing of the deficit be continued in 2022 with two events. First, with SKB I, namely the purchase of SBN by Bank Indonesia in the primary market. Second, with SKB II, namely Burden Sharing of the Government and Bank Indonesia.
Monday, August, 9th 2021
Public Communications Team
Ministry of National Development Planning/Bappenas