Misbakhun says President Prabowo's speech becomes a new tradition in the DPR

The translated and cleaned article:

President Prabowo Subianto’s address on the Macro Economic Framework (KER) and the Core Principles of Fiscal Policy (KEM-PPKF) will mark a new tradition in presenting the macroeconomic framework in Parliament, according to Mukhamad Misbakhun, the chairman of the DPR’s Commission XI. He said the tradition would be observed closely and could become part of Indonesia’s constitutional practice.

At Parliament Complex on Wednesday, Misbakhun said: ‘This is a new tradition, and of course, people are keen to pay serious attention to what the President’s concerns will be within the KEM-PPKF. The public will be watching, and this will become a new tradition in our constitutional order.’

The President is scheduled to attend the DPR’s 19th Plenary Session to deliver the KEM-PPKF for the 2027 RAPBN.

In response to questions about attendance and concerns over the rupiah’s weakness and the Jakarta Composite Index (IHSG), Misbakhun stressed that the KEM-PPKF presentation should not be linked to short-term market movements. ‘In my view, you should not tie the IHSG or rupiah weakness to the KEM-PPKF. The exchange rate is only one aspect of our macro economy,’ he said.

He explained that macroeconomic assumptions contain several parameters guiding fiscal policy, with the exchange rate one of them. ‘There are many parameters in our macroeconomic assumptions; the exchange rate is just one. In fact, the IHSG is not included there. But when we discuss the KEM-PPKF, we will address our macro framework for 2027,’ he added.

Misbakhun added that the KEM-PPKF discussion will cover a range of economic indicators, from economic growth and inflation to the rupiah exchange rate, Indonesia Crude Price (ICP), and targets for oil and gas production and lifting. ‘Furthermore, we will also discuss the indicative budget ceiling allocations for ministries and agencies,’ he said.