Govt Adopts Policies to Anticipate Crisis

13 December, 2011 | Source: ANTARA News

Nusa Dua, Bali (ANTARA News) - The government has taken a number of policies to anticipate the impact of global economic crisis, Coordinating Minister for Economic Affairs Hatta Rajasa said.

 

"The policies were taken particularly to anticipate a decline in our exports as a result of economic crisis engulfing Europe and the United States," he said after opening an investment climate symposium here on Monday.

The anticipatory steps included expanding the market for Indonesia`s exports, preventing massive layoffs and improving the people`s purchasing power, he said.

He said the government was ready to face the impact of the global economic crisis and convinced that the country would be able to withstand the crisis as it did in 2008.

"This is because the amount of our foreign exchange reserves now is higher than in 2008," he said.

Even the minister predicted the domestic economy to grow within the range of 6.6-6.7 percent next year.

After all, the government still had to keep watch for developments in global oil price which could affect state spending on fuel oil subsidies, he said.

"There is not yet plan to raise fuel oil price. It is the basic electricity tariff that will be raised," he said.

Hatta said the basic electricity tariff was likely to be raised by around 10 percent in April next year.(*

 

The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
Indonesia′s economy will start to open and recover from the COVID-19 crisis in August this year, the World Bank′s Country Director for Indonesia, Satu Kahkonen, stated on Thursday.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu