Minister of Finance (Menkeu) Sri Mulyani denied that the President's salary would increase to Rp 553 million.

"It does not exist and has never been discussed," said Sri Mulyani at the Bogor Palace, Monday (12/3).

Currently, the president's basic salary is around Rp. 30 million per month. The salary jumped dramatically with a calculation based on an index of 1:12698 between the salaries of the lowest rank civil servants and the highest.

The president's income index is simulated to reach Rp. 96000, so he will earn Rp. 553.4 million per month.

Based on calculations circulating on social media, the salaries of state officials also increased, such as vice presidents, to IDR 368.9 million per month from the previous basic salary of IDR 20 million because the income index was IDR 64,000.

However, Sri Mulyani reiterated that the government has not yet discussed the plan to increase the president's salary.

"Nowadays a lot of information is produced, and documents that are made similar to the government are then published," said the former Director of the World Bank.

"We have no discussion about it at all," said the former Director of the World Bank.