Arab Today, arab today indonesia economy predicted to grow 5359 in 2017
Last Updated : GMT 12:48:35
Arab Today, arab today
Arab Today, arab today

Indonesia Economy Predicted to Grow 5.3-5.9% in 2017

Arab Today, arab today

Arab Today, arab today Indonesia Economy Predicted to Grow 5.3-5.9% in 2017

Indonesian Finance Minister Bambang Brodjonegoro
Jakarta - QNA

Indonesian Finance Minister Bambang Brodjonegoro predicted the country's economy would grow 5.3-5.7% in 2017 to follow the revival of the global economy
"The country's economy is expected to grow with improvement in the global economic condition, realization of infrastructure projects and the success in maintaining purchasing power of the people," the minister said. 
The assumption was made by taking into account limited production capacity, weak competitiveness as a result of limited infrastructure, human resources, technological innovation and food security, he told the legislators in a plenary session on macro economy and 2017 fiscal policy. 
"In addition, the role of the financial sector in the country is still shallow in supporting economic growth and the cost of fund is still high," he said. 
He said the target for inflation is set at 3%-5% with support in efforts of price stabilization, and good coordination between the real sector, the monetary authority and regional administrations, Indonesian news agency (ANTARA) reported. 
The target for rupiah exchange rate is set at 13,650-13,900 per dollar with support in improvement in economic fundamentals and government commitment in boosting investment that would help create rupiah stability, he said. 
Meanwhile, the oil price target is set at US$35-US$45 per barrel with oil lifting at 740,000 - 760,000 barrels per day and gas lifting averaging 1.05 million - 1.15 million barrels per day oil equivalent. 
The oil and gas production is forecast to decline on natural causes and less aggressive explorations amid low prices. 
"The assumptions for macro economic indicators are set by the government on which 2017 fiscal policy and state budget would be drafted for 2017," Bambang said. 
The minister said a host of challenges are yet to be faced in the fiscal management in 2017 such as difficulty in increasing fiscal room to support priority productive spending, ineffective spending , subsidy not properly distributed, rising spending, etc. 
"The government, therefore, is seeking to bring to reality healthy and sustainable fiscal policy through improvement of productivity of the state budget and efficiency in budget allocation, strengthening fiscal resistance, etc," he said. 
The strategy to maintain fiscal sustainability is by controlling budget deficit at 1.9-2.5% of the GDP through optimization of revenues and efficiency in spending and by maintaining healthy debt ratio at 26%-28% of the GDP, by controlling spending of loan funds and primary balance.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesia economy predicted to grow 5359 in 2017 Arab Today, arab today indonesia economy predicted to grow 5359 in 2017

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today indonesia economy predicted to grow 5359 in 2017 Arab Today, arab today indonesia economy predicted to grow 5359 in 2017

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday