Government-DPR Agree on Final Macro Assumptions for 2025, Here Are the Details

Jakarta – The Budget Agency (Banggar) of the House of Representatives approved Indonesia’s macroeconomic assumptions for the second semester of 2025 in a joint working meeting with Finance Minister Sri Mulyani and Bank Indonesia Governor led by Budget Agency Chairman Said Abdullah, Thursday, July 3, 2025.

Taking into account the latest global and domestic economic dynamics, as well as future prospects, the government and the DPR agreed on the basic macro assumptions for 2025 with the following details:

– Economic growth in the range of 4.7 to 5.0 percent, more pessimistic than the APBN target of 5.2 percent.

– Inflation is pegged at 2.2 to 2.6 percent, higher than the 2025 State Budget of 2.5 percent.

– The rupiah exchange rate is estimated at Rp16,300 to Rp16,800 per US dollar, higher than the 2025 state budget of Rp16,000.

– The interest rate for 10-year SBN is 6.8 to 7.3 percent by the end of 2025.

– Crude oil prices are estimated to reach USD68 to USD82 per barrel by the end of 2025. It is known that until the first semester of 2025, the realization was at USD70.05 per barrel.

– Oil lifting is projected at 593 thousand to 597 thousand barrels per day.

– Natural gas lifting amounted to 976 thousand to 980 thousand per barrel per day.

From these macro assumptions, Said also asked for approval from all members of Banggar DPR RI.

“Please ask for approval from ladies and gentlemen, is the conclusion presented by the chairman approved?”.

Members of Banggar replied.

“Agreed!”.

Meanwhile, Sri Mulyani appreciated the support of the DPR, which continues to constructively oversee the implementation of the State Budget. (*)

Editor: Galih Pratama