medcom.id, Jakarta: Rising global oil prices may affect macroeconomic assumptions in the 2017 State Budget.
"Indonesian Crude Price (ICP) could reach around USD45-50 per barrel this year," Finance Ministry fiscal policy head Suahasil Nazara said here on Wednesday.
"Inflation rate could reach more than four percent," he continued.
The government set ICP at USD45 per barrel in the 2017 State Budget. The government set inflation rate at four percent plus minus one percent.
"We will monitor the condition seriously," he stated.
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