2011 state budget aims to reach 10 strategic goals: President

The Jakarta Post, Jakarta | Mon, 08/16/2010 2:15 PM

President Susilo Bambang Yudhoyono unveiled on Monday the 2011 state budget that would have a total spending of Rp 1,200 trillion (US$130 billion), up 6.7 percent from this year's budget.

President: Susilo Bambang Yudhoyono- JP

Speaking before the House of Representatives (DPR), Yudhoyono said that the government aimed to collect Rp 1,086 trillion in revenues for next year budget, mainly from taxes, leaving a deficit of Rp 115.7 trillion, or 1.7 percent of the country's gross domestic products.

The president said that tax revenues for 2011 were expected to reach Rp 839.5 trillion, or 77 percent of total state revenues.

With that level of tax income, the country's tax ratio would improve slightly to 12 percent.

President Susilo Bambang Yudhoyono said Monday that the 2011 state budget would aim to reach 10 strategic goals.

"The goals include a higher economy growth, a lower jobless rate by creating more job opportunities, and a lower poverty rate," Yudhoyono said in a note of the 2011 draft state budget prepared for the House of Representatives and the Regional Representative Council legislators.

He added the other goals were an increased per capita income, a good economy stability, a stronger local financing, and an improved food and water security.

"Energy security must also increase, as well as the national economy competitiveness. An environment friendly development must also be strengthened," Yudhoyono said.