Indonesian Workforce Could Grow by 2.7m People

31 May, 2012 | Source: Jakarta Globe

Up to 2.7 million workers are expected to join Indonesia’s workforce next year as the country targets economic growth of 6.8 percent to 7.2 percent, a minister said on Thursday.

National Development Planning Minister Armida Alisjahbana said in Jakarta on Thursday that the government expected the workforce to expand by between 2.5 million and 2.7 million people in 2013.

“The unemployment figure, therefore, will decline to between 7.2 million and 7.4 million people,” Armida said during a working meeting with the House of Representatives’ Commission XI overseeing finance, banking and development planning.

Those figures represented between 5.8 and 6.1 percent of Indonesia’s labor force, better than the current rate of 6.3 percent.

Poverty was also expected to improve,

Armida further said that the poverty rate was expected to stand at between 9.5 and 10.5 percent next year, lower than this year’s target of between 10.5 and 11.5 percent.

“The poverty rate is projected to decline to between 9.5 and 10.5 percent, with the inflation rate expected to reach between 4.5 and 5.5 percent,” she said.

According to the World Bank, around 12.5 percent of Indonesia’s 240 million people are living below the poverty line, which the government defines as a monthly income of Rp 233,000 ($25). Some 38 percent are borderline poor.

 

President Joko Widodo (Jokowi) said Indonesia already enters years of low inflation, with inflation around 3 percent in the past two years.
President of the World Bank group, Jim Yong Kim, here on Tuesday expressed his support to the Indonesian governments plan on the tax reform program, which aimed to increase the state budgets income.
President Joko Widodo (Jokowi) plans to visit Turkey to develop partnership in strategic industry and economy with the country, Foreign minister Retno Marsudi said here on Monday at the state palace after a meeting prior to the presidents visit to Turkey and Germany.
Indonesian Foreign Minister Retno Marsudi and her Maldivian counterpart Mohamed Asim will hold a bilateral meeting in Jakarta on Wednesday (June 21) to discuss the cooperation in tourism sector.
The United Nations Food and Agriculture Organization (FAO) has praised Indonesia for its role in fighting illegal, unreported, unregulated (IUU) fishing, the Indonesian Embassy in Rome said.
Indonesias real GDP growth is projected to increase from 5.2 percent this year to 5.3 percent in 2018, according to the World Banks June 2017 Indonesia Economic Quarterly.
Address: 1068 Budapest, Városligeti fasor 26. | MAP |
Phone: (+36-1) 413 3800 Fax: (+36-1) 322 8669
E-mail: embassy@indonesianembassy.hu