Indonesia prioritises spending for green economy transformation
Indonesia's state expenditures in the 2024 State Budget will be used to support the acceleration of a green economy, according to Finance Minister Sri Mulyani Indrawati.
Indonesian Finance Minister Sri Mulyani Indrawati. (Photo: Antara)
Jakarta (VNA) - Indonesia's stateexpenditures in the 2024 State Budget will be used to support the acceleration of a green economy, according to Finance Minister Sri Mulyani Indrawati.
State spending in 2024 is also aimed at completing priority infrastructure toaccelerate green economic transformation and support bureaucratic and stateapparatus reform, Indrawati told reporters on November 29, adding that State expenditure in the 2024 State Budget is up 8.6% compared to that of 2023.
She said that the 2024 State Budget makes utmost efforts to fulfil all nationaldevelopment priority programmes starting from protecting the people, includingvulnerable groups, restoring the economy, encouraging transformation,developing all corners of the region, and also improving defence and security.
According to Indrawati, the 2024 State Budget was prepared with the assumptionof optimistic macro indicators but remaining alert to the rapidly changingdynamics.
The basic macro assumptions in the 2024 State Budget comprise the economic growthof 5.2%, controlled inflation of 2.8%, exchange rate at 15,000 IDR per US dollar and interest rate on 10-year Government Securities (SBN) of 6.7%.
However, she said, assumptions from economic indicators in 2024 will still beinfluenced by developments in the global economy. It is necessary for thegovernment to harmonise the State Budget and Regional Budget as well as anticipate uncertainty, thereby necessitating automatic adjustment, she added.
Earlier, CoordinatingMinister for Economic Affairs Airlangga Hartarto assessed that the State Budgetalso prioritised projects to overcome climate change and encourageclimate-friendly activities. To this end, the government implementsa Climate Budget Tagging mechanism at the n💖ational and regional levels that isable to track climate change budget allocations as well as updated data on activitiesand results. Indonesia is implementing climate change resillence programmes to realise its vision of achievingnet zero emissions by 2060./.
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Indonesian Finance Minister Sri Mulyani Indrawati. (Photo: Antara) 
