The theme of 2018Indonesian Fiscal Strategy is entitled “Encouraging Investment andInfrastructure for Growth and Equity” that is done by optimizing revenue, spending andfinancing. The Ministry of Finance emphasized that Budget 2018is structured in the mostfeasible way to create a realistic and credible budget. It also restated that the governmentwill maintain the implementation of APBN 2017to encourage economic growth and maintainstability. This policy is implemented by keeping the deficit outlook of APBN of 2.7% to GDPand projecting a 2.2% deficit for 2018.?    Table 1shows the key economic assumptions for 2018with GDP is expected to grow at5.4% (UOBI forecast: 5.3%); Inflation at 3.5% (UOBI forecast: 4.2%); USD-IDR at 13,400by year-end (UOB forecast: 13,800); and 3-month T-bills at 5.2% (UOBI BI Rate Forecast at4.50% by end 2018– first hike may take place in December 2018).    Tax revenues is projected at IDR1,618tn (Tax ratio of 11.6%), which is planned to beachieved by optimizing the economic potential and the tax reforms. Non-tax revenues aretargeted to increase by 6% from 2017through the gains in efficiency and effectiveness ofnatural resource management, as well as improvements in public services.    Central government expenditure rose by IDR111.4tn from Budget 2017(IDR87.5tn fromRevised Budget 2017. Higher expenditure is geared towards infrastructure development,poverty reduction and unemployment, in the framework of equitable development andconnectivity improvements. Transfers to “Regional and Village Funds” in Budget 2018hasbeen increased to IDR766.2tn to improve the quality of public services in the regions andreduce inequality among regions. The allocation of village funds, which stood at IDR60tn,will focus on poverty alleviation, paying attention to equity and justice.?    Finally, the deficit of 2.19% of GDP will be supported by productive, efficient and cautiousfinancing management.

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