Head of the fiscal policy agency under Indonesia’s Ministry of Finance Febrio Kacaribu at a press conference on February 22. (Photo: ANTARA)
Jakarta (VNA) – Indonesia's 2023 state budget will be prioritised forpost-COVID-19 pandemic economic recovery efforts, an official has said.
The 2023 state budget implementation is greatdue to positive economic growth trend, head of the Fiscal Policy Agency under theMinistry of Finance Febrio Kacaribu said at a press conference on February 22.
According to Kacaribu, the statebudget will also be channeled to create employment opportunities and reduce thepoverty rate, thereby bringing tangible results to people.
The official said he believes in a bright prospect foreconomic growth rate in 2023 despite the high risk of a global economicslowdown. However, the government will remain cautious of the dynamics in theglobal economy which will not be bad as previously forecast by the InternationalMonetary Fund.
He said that the government is still mullingover the amendment of a regulation on withholding foreign exchangeexport proceeds from the export of natural resources to improve nationalmacroeconomic stability.
Kacaribu stressed that the revision of theregulation will not contract the free foreign exchange policy, as the foreignexchange that will be retained only came from natural resources’ commoditytransactions.
ܫ Thegovernment will prepare incentives, such as a reduction in income tax on exportforeign exchange interest rate to 0%, so business players will be willing tokeep the foreign exchange for six months./.
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Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
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Head of the fiscal policy agency under Indonesia’s Ministry of Finance Febrio Kacaribu at a press conference on February 22. (Photo: ANTARA) 
