The budget allocation aligns with Prabowo's directive to adhere to the established development timeline for IKN, which commenced in 2022 under President Joko Widodo.
"Economic growth in 2023 is estimated at 5.3 percent."
although there is an increase in global wheat and crude oil prices which have the potential to raise inflation, the increase in coal, palm oil, and nickel prices will provide higher income for Indonesia
Increased per capita income, controlled open unemployment rate, and the considerably maintained fluctuation in poverty at village level are among some of the factors taken into account by the Ministry.
The Indonesian government said it has spent more than US$3.5 billion for the treatment of 768.9 thousand COVID-19 patients in the country in 2021.
The Indonesian government aims to avoid future issues with budget state triggered by the pandemic handling by working on fiscal stabilization.
