President Yudhoyono sets 11 national priorities for 2012 budget

Antara News, Tue, August 16 2011

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Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono breaks down his medium-term development program into 11 national priorities in the 2012 draft budget.

President Susilo Bambang
Yudhoyono. (ANTARA)

He presented them in his address on the government`s 2012 draft budget and its financial notes made before the parliament here on Tuesday.

The 11 national priorities include bureaucratic and governance reform, education, health, poverty alleviation, food resilience, infrastructure, investment and business climate, energy, environment and disaster management and management of backward and border villages and post-conflict efforts and culture, creativity and technological innovation.

In his state address annually done ahead of the country`s independence anniversary on August 17 President Yudhoyono also presented budget assumptions.

They include assumed revenues and grants totaling Rp1,292.9 trillion which is up by 10.5 percent compared to that of last year and public spending at Rp1,418.5 trillion up by Rp99.7 trillion from last year.

Other assumptions include for economic growth set at 6.7 percent (now 6.5 percent), inflation at 5.3 percent, interest of three-month treasury bonds at 6.5 percent, rupiah exchange rate at Rp8,800 against the US dollar, the price of crude at US$90 per barrel and crude production at 950,000 barrels a day.

In the transportation sector the government plans to develop 150 kilometer long in new railway networks, develop and rehabilitate 116 airports and build 14 new airports. "We wish to spread infrastructure development across the country," he said.

In the sector the government also plans to build new roads and improve the capacity of existing roads as long as 4,005 kilometers, maintain and repair 36,316 kilometer long roads across the country including construction of 7,682 meter long new bridges and maintain 217,076 meter long existing bridges.

Editor: Priyambodo RH