{
    "success": true,
    "data": {
        "id": 1114169,
        "msgid": "economist-asks-govt-to-revise-state-budget-1447893297",
        "date": "2001-04-06 00:00:00",
        "title": "Economist asks govt to revise state budget",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Economist asks govt to revise state budget YOGYAKARTA (JP): Senior economist Emil Salim has suggested the Indonesian government revise the 2001 state budget if the rupiah continues to hover above Rp 10,000 against the U.S. dollar. Speaking to journalists here yesterday Emil said that the government had no choice but to revise the stage budget if the rupiah continued to remain at the Rp 10,000 level against the greenback until August this year. \"If the rupiah is still hovering at Rp 10.000 per U.",
        "content": "<p>Economist asks govt to revise state budget<\/p>\n<p>YOGYAKARTA (JP): Senior economist Emil Salim has suggested the<br>\nIndonesian government revise the 2001 state budget if the rupiah<br>\ncontinues to hover above Rp 10,000 against the U.S. dollar.<\/p>\n<p>Speaking to journalists here yesterday Emil said that the<br>\ngovernment had no choice but to revise the stage budget if the<br>\nrupiah continued to remain at the Rp 10,000 level against the<br>\ngreenback until August this year.<\/p>\n<p>\"If the rupiah is still hovering at Rp 10.000 per U.S. dollar<br>\nin August, obviously we have to revise the state budget,\" Emil<br>\nsaid Emil.<\/p>\n<p>According to him maintaining the rupiah-dollar rate assumption<br>\nof Rp 7,800 in the state budget would no longer be realistic.<\/p>\n<p>The rupiah dropped to a 30-month low of Rp 11.500 against the<br>\nU.S. dollar early last month due to the worsening political<br>\nclimate and an impasse with the International Monetary Fund<br>\n(IMF).<\/p>\n<p>The rupiah ended at Rp 10,740 against the U.S. dollar on<br>\nThursday, off an earlier high of Rp 10,765, but up from Rp 10,460<br>\non Wednesday.<\/p>\n<p>Responding to journalists' questions, Emil said that there are<br>\nthree factors causing the weakening of the rupiah.<\/p>\n<p>\"The rupiah has weakened due to three factors: the standoff<br>\nbetween the government and the IMF, the poor relations between<br>\nPresident Abdurrahman Wahid and the House of Representatives, and<br>\nthe recent ethnic clashes in Kalimantan,\" said Emil.<\/p>\n<p>\"These three factors have affected the rupiah's exchange rate.<br>\nI suggest the government come to a new understanding with the IMF<br>\nso the market will not be concerned,\" he said.<\/p>\n<p>\"I think the conflict between the President and the House<br>\nshould end in next General Assembly's session, meanwhile there<br>\nshould be immediate reconciliation to end social unrest,\" he<br>\nadded. (23)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/economist-asks-govt-to-revise-state-budget-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}