# KemenkeuGPT: Leveraging a Large Language Model on Indonesia's Government Financial Data and Regulations to Enhance Decision Making

arXiv: https://arxiv.org/abs/2407.21459 · HTML: https://mlsanity.com/paper/2407.21459/

## Key facts

- No citing papers in the map yet (data through 14 Oct 2026).
- Placed in Legal and financial RAG, one of 15 directions in Retrieval-augmented generation.
- Builds on 12 of its 28 references that are in the map.
- First posted on arXiv 31 Jul 2024.

## Placed in

- Retrieval-augmented generation / [Legal and financial RAG](https://mlsanity.com/rag/legal-and-financial-rag/)

## Builds on (most cited first, 12 of 12)

- [BERT: Pre-training of Deep Bidirectional Transformers for Language Understanding](https://mlsanity.com/paper/1810.04805/) (2018)
- [LLaMA: Open and Efficient Foundation Language Models](https://mlsanity.com/paper/2302.13971/) (2023)
- [Retrieval-Augmented Generation for Knowledge-Intensive NLP Tasks](https://mlsanity.com/paper/2005.11401/) (2020)
- [PaLM: Scaling Language Modeling with Pathways](https://mlsanity.com/paper/2204.02311/) (2022)
- [A Survey of Large Language Models](https://mlsanity.com/paper/2303.18223/) (2023)
- [LaMDA: Language Models for Dialog Applications](https://mlsanity.com/paper/2201.08239/) (2022)
- [BloombergGPT: A Large Language Model for Finance](https://mlsanity.com/paper/2303.17564/) (2023)
- [Galactica: A Large Language Model for Science](https://mlsanity.com/paper/2211.09085/) (2022)
- [Enhancing Financial Sentiment Analysis via Retrieval Augmented Large Language Models](https://mlsanity.com/paper/2310.04027/) (2023)
- [FinGPT: Democratizing Internet-scale Data for Financial Large Language Models](https://mlsanity.com/paper/2307.10485/) (2023)
- [How fine can fine-tuning be? Learning efficient language models](https://mlsanity.com/paper/2004.14129/) (2020)
- [IMHO Fine-Tuning Improves Claim Detection](https://mlsanity.com/paper/1905.07000/) (2019)

## Abstract (arXiv)

Data is crucial for evidence-based policymaking and enhancing public services, including those at the Ministry of Finance of the Republic of Indonesia. However, the complexity and dynamic nature of governmental financial data and regulations can hinder decision-making. This study investigates the potential of Large Language Models (LLMs) to address these challenges, focusing on Indonesia's financial data and regulations. While LLMs are effective in the financial sector, their use in the public sector in Indonesia is unexplored. This study undertakes an iterative process to develop KemenkeuGPT using the LangChain with Retrieval-Augmented Generation (RAG), prompt engineering and fine-tuning. The dataset from 2003 to 2023 was collected from the Ministry of Finance, Statistics Indonesia and the International Monetary Fund (IMF). Surveys and interviews with Ministry officials informed, enhanced and fine-tuned the model. We evaluated the model using human feedback, LLM-based evaluation and benchmarking. The model's accuracy improved from 35% to 61%, with correctness increasing from 48% to 64%. The Retrieval-Augmented Generation Assessment (RAGAS) framework showed that KemenkeuGPT achieved 44% correctness with 73% faithfulness, 40% precision and 60% recall, outperforming several other base models. An interview with an expert from the Ministry of Finance indicated that KemenkeuGPT has the potential to become an essential tool for decision-making. These results are expected to improve with continuous human feedback.