- The assumptions figures are as follows:
a. Economic growth at 6.3%, modestly higher than the level proposed by the government at 6.2%.
b. Inflation at 7.2%
c. Rupiah at 9,600 a dollar
d. 3 Month Treasury Bill at 5%
e. Oil price at $108 a barrel
f. Oil lifting 840.000 barrel a day
g. Gas lifting 1,240 equivalent with oil a day
- Finance minister Chatib Basri said, based on those assumptions , the country might suffer budget deficit 2.38% of gross domestic product this year, less than the government's initially forecast at 2.48%. According to the law, the limit for the budget deficit set at 3%.
- "The lower deficit we agreed with the parliament's budget committee is a prudence signal from the government in implementing fiscal policy."