– The Publish What You Pay (PWYP) Institute said, the 2016 State Budget and Expenditure Budget (RAPBN) is too optimistic. This is because the government is targeting lifting oil at 800-830 thousand barrels per day, lifting natural gas at 1,100-1,300 barrels per day, equivalent to oil and ICP at US $ 60-70 per barrel.

PWYP Economic Researcher, Wiko Saputra, Wednesday, August 19, 2015, said that if you reflect on the achievements of the APBN-P in the first semester of 2015 alone, the new economy grew 4.7 percent from the target of 5.6 percent – 5.8 percent and realized revenue only reached 41 percent of the target.

For this reason, the government needs to consider domestic and global challenges, so that these targets are realistic.

“The government must be really attentive and calculating in determining macroeconomic indicators in the preparation of the 2016 State Budget this time. The current Indonesian economy needs a conducive fiscal policy, which can contribute to economic growth, amidst declining public purchasing power and a sluggish investment climate, “he said at the Bumbu Desa Restaurant in Jakarta.

Wiko revealed, there were four points that the government should pay attention to in the 2016 Draft State Budget. Namely, taking strategic steps to mitigate the impact of falling international oil prices, and the depreciation of the rupiah against the US dollar on the development of the mining, oil and gas sector.

“This is important to map the problem so that the target to be achieved by the government can be realized, and fiscal stability can be maintained,” he said.

Second, the development of an economic diversification strategy that does not depend on commodities in the natural resource sector.

“The downstream program, both in the mining and oil and gas sectors must be carried out in a consistent, rigorous and integrated manner by providing supporting factors such as electricity needs and others,” he said.

Third, strengthen transparency and accountability in governance in the oil and gas and mining sectors, including to encourage company compliance in paying state revenues and taxes. This is to avoid leakage and avoid information asymmetry with the community, while still paying attention to environmental protection, so as not to cause social conflicts, environmental disasters.

“Focus mainly relates to investment, production and downstream programs,” he said.

Finally, said Wiko, immediately arrange institutional arrangements and regulations that provide legal certainty, not only for industry players but also laws that protect the rights of the community. (asp)