Indonesia Expects 'Much' Lower Budget Deficit in 2022

The video discusses Indonesia's current CPI and inflation rates, comparing them with the US and Europe. It highlights the stability in commodity prices due to favorable weather and unadjusted administered prices. The focus shifts to strategies for reducing the fiscal deficit through tax reforms and support from Bank Indonesia. Legal challenges, such as the Constitutional Court's ruling on the job creation law, are addressed, emphasizing their potential impact on foreign investment. Finally, the video explores the complexities of liberalizing energy prices amidst rising poverty and unemployment.

What is the current CPI rate mentioned in the video, and how does it compare to the United States and Europe?

• 3.0%, higher than both

• 1.8%, similar to both

• 2.5%, higher than both

• 1.8%, lower than both

What factors contribute to the stability of prices in the discussed region?

• High inflation rates

• Increased government spending

• Favorable weather and unadjusted administered prices

• High demand and low supply

What is the expected impact of tax reforms on the budget deficit?

• Reduce the deficit by 1% of GDP

• Increase the deficit by 1%

• Double the deficit

• Have no impact on the deficit

How is the government addressing the Constitutional Court's ruling on the job creation law?

• Postponing any action

• Taking necessary legal and political steps

• Ignoring the ruling

• Repealing the law entirely

What is a key consideration in the liberalization of energy prices?

• Increasing energy subsidies

• Reducing poverty and unemployment

• Ignoring economic impacts

• Raising taxes on energy