VOI - Voice of Indonesia | RRI - Radio Republik Indonesia

Finance Minister Sri Mulyani Indrawati conveyed the results of the implementation of the State Revenue and Expenditure Budget (APBN) until April 2022. Although many countries experienced a decline in economic growth, according to Sri Mulyani, Indonesia was still quite safe.

According to the Minister of Finance, the world's economic recovery is now in a difficult condition. The first is due to the Covid-19 pandemic, which has not completely ended, and the second is mainly due to geopolitical conditions in Ukraine.

This has led to an increase in energy and food goods, resulting in supply disruption of economic growth in various countries that are under pressure.

"Economic growth in various countries is under pressure, it will be seen especially in the second quarter. We will see the impact starting in April, May, and June. However, in several countries, currently, the first quarter has experienced a fairly consistent decline across the region," said the Minister of Finance Sri Mulyani in an online press conference of our APBN, Monday (23/5/2022).

The Minister of Finance detailed several countries that were affected, such as Hong Kong, which currently has a negative economic condition, Mexico 1.6 percent, Taiwan weakened 3.1 percent, Korea 3.1 percent, Singapore 3.4 percent, decreased sharply from 6.1 percent.

Furthermore, the United States also experienced a sharp decline of 3.6 percent. China also declined sharply, by 4.8 percent from the expected first-quarter average for this year.

"Germany is still relatively strong. However, with the war in Ukraine, we estimate that in the second quarter the pressure may just be visible," she said.

Meanwhile, Indonesia experienced quite good economic growth at 5.01 percent.

In addition, there has been a change in the direction of world monetary policy, in which many countries have begun to increase their benchmark interest rates. Especially by developed countries such as the United States (US) and the European region.

This will give negative sentiment in the financial market. The exchange rate, including the rupiah, will be affected. "This is what we must be aware of," said Sri Mulyani. (RRI)