Arab Today, arab today indonesia expects 64 gdp growth in 2014
Last Updated : GMT 17:53:15
Arab Today, arab today
Arab Today, arab today

Indonesia expects 6.4% GDP growth in 2014

Arab Today, arab today

Arab Today, arab today Indonesia expects 6.4% GDP growth in 2014

Jakarta - XINHUA

Indonesian government expected the country\'s economy to expand by 6.4 percent next year with lower budget deficit and subsidy, President Susilo Bambang Yudhoyono said here on Friday. The projection is higher than the government target this year of 6.1 to 6.3 percent on weak global economy. The IMF has forecast the global economy to expand by 3.8 percent in 2014, higher than its projection of 3.1 percent in 2013. President Yudhoyono said that the country\'s budget deficit was expected to account for 1.49 percent of GDP next year, lower than this year\'s expectation of 2.38 percent. Indonesia, an oil net-importer with huge oil subsidy, raised subsidized-fuel prices on May 22, which is expected to reduce oil consumption and importation. Yudhoyono said that the government decreased the fuel subsidy next year by 3.4 percent to 336.2 trillion rupiah (32.35 billion U. S. dollar). \"This will give room for expansion of the economy,\" Yudhoyono said in his annual speech to the parliament ahead of anniversary of Independence Day on August 17. The southeast Asia\'s largest economy\'s budget next year will stand at 1,662.5 trillion rupiah (159.98 billion U.S. dollar), or 10.7 percent higher than that of 2013, Yudhoyono said. He said that inflation was targeted at 4.5 percent. Yudhoyono said that the government already decreased unemployment to 5.92 percent in March from 9.86 percent in 2004, and cut poverty to 11.3 percent in March from 16.66 percent in 2004 in the country with 238 million people.  

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 expects 64 gdp growth in 2014 Arab Today, arab today indonesia expects 64 gdp growth in 2014

 



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 expects 64 gdp growth in 2014 Arab Today, arab today indonesia expects 64 gdp growth in 2014

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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