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rmol. House of Representatives sprayed the Ministry of Finance (MoF). Because the ministry headed by Sri Mulyani is considered unable to stow the rupee against the US dollar.
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Yesterday, the Budget Agency (Banggar) and the Ministry of Finance held a joint working meeting to discuss the Rupiah exchange rate in the Macroeconomic Framework and the Principles of Fiscal Policy (KEM PPKF) of the Budget of Recipes and Recipes. However, the House of Representatives is unfortunately not satisfied with the badumption of the Ministry of Finance that sets the value of rupiah 2019.
The MdFI itself sets the Rupiah exchange rate in 2019 at Rp 13,700 – Rp 14,000 per US dollar. The House of Representatives believes that the figure is no longer realistic. The House of Representatives has asked the government to revise it.
Banggu DPR MP Abdul Hakam Naja requested that the government recalculate the rupiah's badumption against the dollar in accordance with current conditions. "I think the target in the range of Rp 13,700-14,000 missed the train, so it should be more realistic," he said.
In his opinion, should Kemenkeu set the exchange rate for rupiah even higher? In addition, the current exchange rate of the rupee is already above 14,000 rupiahs. The badumption of next year's exchange rate is ideally Rp 13,700 – Rp 14,200. The value is more realistic than the previous one.
"The government should anticipate the burden, subsidies and the debt of the government (due to the impact of the weakening of the rupee)," he said.
In addition, he also asked to be wary of the continued weakening of the rupiah. Because, it will increase the burden of the government, especially on the external debt side for energy. "The government really needs to anticipate the burden of the government burden of energy subsidies, the burden of debt, especially external debt," he said.
Chairman of Commission VII, Gus Irawan Pasaribu, sees that the fall of the rupiah disrupts the badumptions of the APBN that was drafted. Currently, the rupee continues to fall, even at a more extreme level, to fall to 14,400 Rp per US dollar. "The exchange rate badumptions in the APBN need to be changed," he said, adding that it would be difficult, if not primarily, to determine oil prices and external debt payments .
The head of the tax policy office of the Ministry of Finance, Suahasil Nazara, ensures that the government continues to monitor the movement of the rupee exchange rate. The Bank of Indonesia has itself prepared a policy to overcome it.
"The policy is that we continue to be aware of this policy, the Bank of Indonesia has taken a policy for this," he said.
Suahasil explained that the reason for the weakening of the rupiah against the US dollar was due to various factors such as high interest rates, so that market participants chose to place their money in the United States to make a profit. "The US interest rate is relatively higher and is expected to increase," he said. ***
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