Govt Readt to Maintan 2012 Economic Growth

08 November, 2011 | Source: ANTARA News

Jakarta (ANTARA News) - The government is optimistic that the country`s economic growth can be kept at 6.7 percent in accordance with the 2012 state budget macro assumptions, Deputy Finance Minister Anny Ratnawati said here on Thursday.

Anny said the government would not allow the economic growth to go down but continue to maintain it at the desired level.

"We will continue to maintain our economic growth at the desired level, although it is predicted to edge up from 6.3 percent to 6.4 percent," Anni said referring to Economic Outlook 2012.

According to her, the government also had the policies in terms of capital spending and the acceleration of capital spending in 2012.

Anny said that with its experience in facing the crisis in 1998 and 2008, the government was ready to face the current global crisis.

Meanwhile, Bank Indonesia Director for Research and Monetary Policy, Sukowati, said in Batam, Riau Islands, recently that Indonesia`s economic growth up to the end of 2011 was predicted to reach 6.6 percent.

He said that Indonesia`s economy would still grow steadily amid uncertainties in global economic developments.

The strong economic growth of Indonesia was supported by high consumption and investment, he said.

Sukowati said that investment remained high in Indonesia due to a perception that its economic fundamentals remain strong and its investment climate is improving.

Indonesia`s domestic economy is supported by processing industries, trade, hotels, restaurants, transportation and communication.

BI also predicted that Indonesia`s fourth quarter economic growth would reach 6.7 percent.

"The impact of the global economic turmoil in 2011 has not yet affected Indonesia`s economy," Sukowati said.

He said that the country`s economy in 2012 was predicted to grow within a range of 6.2 percent to 6.7 percent.

Therefore, the deputy finance minister said the Indonesia`s economy in 2012 would remain prospective and well-maintained, and that the government and the people should keep that momentum.
 

 

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