medcom.id, Jakarta: President Joko Widodo (Jokowi) gathered all ministers to discuss 2016 budget revision. The government is going to adjust several macro economic assumptions in the revised budget.
Coordinating Minister of Economic Affairs Darmin Nasution revealed assumed inflation will be lowered from 4.7 percent to four percent while average rupiah exchange rate will be revised down from RP13,900/USD to Rp13,400/USD.
"Economic growth will still be at 5.3 percent," said Darmin after cabinet meeting, Jakarta, Thursday (4/7/2016).
During the meeting, President Jokowi demanded more budget efficiency. Damrin mentioned the government is going to cut its expenditures by Rp50 trillion.
Minister of Finance Bambang Brodjonegoro previously stated the government is going to submit the revised 2016 budget to the House of Representatives in May.
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