Jokowi Trims 2023 Budget To US$205.5 Billion, Calls For Prudence

indonesia’s 2023 state budget draft outlines state expenditure of Rp3,041.7 trillion (US$205.5 billion), which will be used to expedite health, human resource, and infrastructure development, President Joko Widodo (Jokowi) has informed.

President Jokowi said “It includes central government spending of Rp2,230.0 trillion (US$150.67 billion) and regional fund transfers of Rp811.7 trillion (US$54.84 billion),” 2022 budget was slightly higher at 3106 trillion rupiahs.

The health sector will get about 5.6 percent, or Rp169.8 trillion (US$11.57 billion), of the total spending allocation of the 2023 RAPBN, he said. This will be used to continue efforts to mitigate the COVID-19 pandemic, reform the health system, accelerate stunting reduction, and implement the National Health Insurance program.

Furthermore, the expenditure budget will be utilised to continue the implementation of the social protection program to help the poor and vulnerable people meet their basic needs as well as to reduce the poverty rate.

The government will also focus on advancing Indonesia’s human resources with an education budget of Rp608.3 trillion (US$41.1 billion), he added.

“We must take advantage of the demographic bonus and be ready for technological disruption. We must prepare productive, innovative, and globally competitive human resources who comply with the values of Pancasila (Indonesia’s national principles), have a noble character and maintain the nation’s cultural identity,” he remarked.

Meanwhile, on infrastructure development in 2023, the government has allocated Rp392 trillion (US$26.4 billion) for establishing basic services; increasing people’s productivity through the establishment of connectivity and mobility infrastructure; providing affordable, reliable, and eco-friendly energy and food infrastructure; as well as bolstering equitable distribution of information and communication technology infrastructure and access.

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