Indonesian Government Must Work Hard to Achieve 6.3 Pct Growth

12 June, 2013 | Source: Antara News

Chief Economic Minister Hatta Rajasa said that the government must work hard to achieve its 6.3 percent economic growth target as set in the draft 2013 revised state budget.



"I think the 6.3 percent target is achievable but we should work hard," the minister said here on Wednesday.

Hatta said that hard work must be made to maintain investment and household consumption sectors as the main contributors to the economic growth. This should be done as an anticipatory effort for the country′s trade balance which is still suffering from pressures.

"In this case, household consumption and investment must be maintained. The key is to control inflation," the coordinating minister for economic affairs said.

With that efforts, Hatta hoped the country′s economic growth in the second quarter of 2013 would not be lower than the economic growth in the first quarter which stood only at 6.02 percent.

"I hope in the second quarter the growth should not fall to a level lower than that in the first quarter growth of 6.02 percent. Because we have set it at 6.3 percent (this year), the growth in the second quarter should be above 6.02 percent or at least 6.2 percent," Hatta said.

The House Budget Commission (Banggar) met with the government and Bank Indonesia on Tuesday to agree on economic growth and inflation rate targets in the revised 2013 state budget.

"Banggar has received the authority to take a decision on the economic growth target range of 6.2-6.5 percent and the inflation target range of 6.0-7.2 percent the government and the House Commission XI have agreed upon," Banggar Chief Ahmadi Noor Supit said in a discussion on the government′s macro economic assumptions in the draft of the revised 2013 state budget.

 

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