Jakarta, Aktual.com – Chairman of the Economic and Political Research Center of the University of Bung Karno, Salamuddin Daeng, said that the budget deficit for this year is almost certain to exceed the limits set by law state finances, the deficit limit of the State Budget (APBN) to Gross Domestic product (GDP).
According to Law No. 17 Year 2003 on State Finance of Article 12 paragraph (3) In the case of estimated budget deficit, sources of financing to cover the deficit in the Law on State Budget. In the explanation of the article mentioned that the budget deficit is limited to a maximum of 3 percent of Gross Domestic Product (GDP).
Finance Minister Sri Mulyani Indrawati had previously announced the government will cut spending Rp133,8 trillion rupiah ($ 10.20 billion). Pruning policy is to ensure the budget deficit does not violate the legal limit of 3 percent of GDP.
“But President Jokowi reportedly did not approve the proposal of the finance minister. If true, then Sri Mulyani drawn laboriously from the director of the IMF, it would not be heard by the president Jokowi. It seems that the president remains the ambition to pursue a tax deficiency quite large in this year. Perhaps the president Jokowi sure that they can be a great debt,” said Daeng in a written statement on Tuesday (23/8).
Furthermore, Daeng reiterate that in Budget 2016 changes the government has cut the budget target in 2016 which was designed in 2015 ago. In the 2016 state budget revenue target countries Rp1.822 trillion, revised to Rp1.786 trillion or have reduced Rp36 trillion. While expenditure target Rp2.082 trillion in the 2016 revised budget.
“Having regard to the current economic developments, the failure of government tax amnesty Jokowi project targeting the reception of Rp165 trillion, then certainly the budget deficit reached Rp500 trillion, or about 4.3 percent of GDP. Thus, the automatic Jokowi violating state financial laws and could be overthrown by the House,” said Daeng.
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