With the recently passed Fiscal Responsibility Act, the Finance Minister is now accountable to Parliament for hitting fiscal targets, said Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in the Dewan Rakyat on Thursday (Nov 2).
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NewsTranscript
00:00 Then, the data on the reform agenda has been released.
00:05 What has been done?
00:07 The first is the Fiscal Responsibility Act.
00:10 The Fiscal Responsibility Act, which is very important and actually
00:15 gives some of the power of the Minister of Finance to the Parliament.
00:20 And next year, we will issue the Government Provision Act.
00:25 And the business matters are accelerated.
00:31 As I said, the balance of the passports is a problem
00:36 from the government of the Republic of Indonesia to the Republic of Indonesia.
00:39 I just want to summarize what I said earlier.
00:43 2008, 2022, 5,000 loans, 1 billion rupiah.
00:50 2023, as of August, 12,000 loans, 3 billion rupiah.
00:58 Next year, in 2024, 40,000 loans, 10 billion rupiah.
01:06 The balance of the passports raises the question of the fiscal deficit of 3%.
01:13 Is it possible? I explain that if we can reduce it from 56 to 5, 43, I think it can be controlled.
01:25 And some steps have been taken, including spending more effectively.
01:31 And I also ask the Minister of State Securities and State Securities to take steps,
01:36 the ministries, to ensure that the spending is more organized and efficient.
01:43 And the second is the step of subsidy, or the reduction of subsidy that we announced.
01:49 And it seems that some steps in this spending, including tax on capital gains,
01:57 and tax on high-value goods,
02:03 will increase government income by 4 billion rupiah.
02:08 So I expect that fiscal achievement can be implemented.
02:14 Then, what is our guarantee to the people of Indonesia?
02:21 We set a target of fiscal deficit of 5%, then 43%.
02:31 If it is not achieved, I have no choice, I have to go back to be rejected, supported, or criticized by Ali Ilyam Muhammad.
02:41 For me, this is a start, that the government cannot make a deduction,
02:49 because Ali Ilyam Muhammad has to be rejected again, and Ali Ilyam Muhammad has the right to give an opinion.
02:56 That is the meaning of fiscal responsibility.
03:00 [BLANK_AUDIO]