Flooring Guide by Cinvex – Indonesia’s President-elect Prabowo Subianto and Vice President-elect Gibran Rakabuming Raka marked a significant moment by attending a Plenary Session of the House of Representatives (DPR RI) at the Parliament Complex in Senayan, Jakarta, on Wednesday, May 20. Their arrival, notably at approximately 09:30 AM Western Indonesian Time (WIB), was met with a direct welcome from the Speaker of the DPR RI, Puan Maharani, underscoring the importance of their presence. Before entering the Nusantara Building, the two leaders-elect joined DPR RI officials for a brief photo opportunity.
This engagement at the parliament was particularly historic as President-elect Prabowo directly presented the Macroeconomic Framework (KEM) and the Fiscal Policy Principles (PPKF) for the 2027 State Budget Draft (RAPBN). Traditionally, this crucial agenda item has been the sole responsibility of the Finance Minister, making the direct involvement of the President-elect a landmark event that signifies a new level of commitment and leadership in fiscal planning.
The plenary session itself was bustling with activity, drawing a considerable crowd that included numerous high-ranking officials from various political parties. Among the notable attendees was Surya Paloh, Chairman of the NasDem Party, reflecting the broad political interest in the proceedings and the presentations.
Said Abdullah, Chairman of the DPR RI Budget Committee (Banggar), warmly acknowledged the attendance of both the President-elect and Vice President-elect. He emphasized that the President-elect’s direct presentation of the economic framework carried profound significance, acting as a vital response to questions surrounding the fiscal capacity for the 2027 State Budget. Abdullah expressed confidence, stating, “Any doubts will perhaps be thoroughly addressed and responded to by the President at this plenary forum.”
Delving deeper into the economic landscape, Abdullah asserted that current economic conditions are intrinsically linked to global geopolitics. He openly acknowledged that the prevailing geopolitical uncertainties have been a key factor contributing to the significant decline in the value of the Rupiah against the United States (US) dollar. Concluding his remarks with a forward-looking plea, he urged, “I sincerely hope that Bank Indonesia, in its meeting today, can raise our interest rates by 50 or 75 basis points to curb the Rupiah’s volatility.”
Summary
President-elect Prabowo Subianto and Vice President-elect Gibran Rakabuming Raka attended a House of Representatives (DPR RI) Plenary Session on Wednesday, May 20, welcomed by Speaker Puan Maharani. In a significant and historic departure from tradition, Prabowo directly presented the Macroeconomic Framework (KEM) and Fiscal Policy Principles (PPKF) for the 2027 State Budget Draft (RAPBN). This direct involvement by the President-elect, a role usually handled by the Finance Minister, underscored a new commitment to fiscal planning and drew many high-ranking officials.
Said Abdullah, Chairman of the DPR RI Budget Committee, acknowledged the profound importance of Prabowo’s direct presentation in clarifying the fiscal capacity for the 2027 State Budget. Abdullah also linked current economic conditions, including the Rupiah’s decline, to global geopolitical uncertainties. He concluded by urging Bank Indonesia to consider raising interest rates to curb the Rupiah’s volatility.