REPUBLIKA.CO.ID, JAKARTA -- President Joko Widodo welcomed the approval of the revised budget bill for 2015 on Saturday urging the government to get to work.

"The only problem related to the revised budget has been settled. Thank God and so now it is time to work," he said upon arrival at the Halim Perdanakusumah air base on Saturday, after a visit to Solo, Central Java.

President Widodo expressed his relief after his first budget was approved by the parliament during a plenary session that lasted for 10 hours.

The revised budget for 2015 has been set at Rp1,984.1 trillion, Rp10.7 trillion less than the government's initial proposal.

"It is already finished so let us start working. Offer all projects for bidding. All must start work," the President said.

One of the difficult issues discussed during the plenary session of the House of Representatives was public capital participation.

Based on the approved budget, state revenues have been fixed at Rp1,761.6 trillion, with non-oil/gas tax income agreed at Rp1,439.7 trillion, up 11.5 percent from the 2015 budget.

Oil/gas tax income has been set at Rp139.3 trillion, while non-taxable state income from the mineral and coal sector has been set at Rp52.2 trillion, forestry at Rp4.7 trillion, fisheries at Rp578.8 billion, the Ministry of Law and Human Rights at Rp4.28 trillion and Public Services at Rp23.09 trillion.

Dividends from state-owned companies have been set at Rp36.9 trillion, with Rp6.34 trillion sourced from state-owned oil company Pertamina, Rp5.4 trillion from state electricity company PLN and others at Rp25.1 trillion.

Energy subsidies have been set at Rp137.7 trillion, consisting of Rp64.6 trillion for oil fuel, three-kilogram gas canisters and LGV and Rp73.1 trillion for electricity.

The capital awarded to state-owned companies has been set at Rp64.8 trillion, while the deficit in the revised budget has been agreed at Rp224.1 trillion, which is 1.92 percent of the GDP.

Macro-economic assumptions have been fixed at 5.7 percent for economic growth, 5.0 percent for inflation, 6.2 percent for three-month treasury bonds, Rp12,500 for the rupiah exchange rate against the U.S. dollar, US$60 per barrel for the Indonesia Crude Price, 825,000 barrels per day for oil lifting and 1.22 million barrels for gas lifting.

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