economic growth target of Indonesia in 2011

The government revised its economic growth target of Indonesia in 2011. In discussions with Commission XI of the House of Representatives (DPR), the Minister of Finance Agus Martowardojo deliver economic growth target to 6.4 percent. This revision was up 0.1 percent compared to the original proposal that only 6.3 percent.

"We convey, upon discussions between the government and Bank Indonesia to revise our economic growth for 2011 was 6.4 percent," said Agus Marto in the capitol, Jakarta, Tuesday, September 21, 2010.

Through the statement, according to Agus, automatically upon the financial memorandum and the draft State Budget (Draft Budget) 2011 which has been submitted to Parliament revised.

With the rise in economic growth targets, the government is committed to constantly be aware of global conditions and the trade balance and balance of payments.

Not only economic growth, other macroeconomic assumptions are revised from Rp9.300 rupiah per U.S. dollar converted into Rp9.250 per U.S. dollar. Similarly to the tax ratio (tax ratio) also rose 0.05 percent to 12.05 percent. The increase is in line with the revision of economic growth.

Meanwhile, inflation remained at 5.3 percent, the interest rate of Bank Indonesia Certificates (SBI) 3 months was 6.5 percent, oil prices Indonesia (Indonesia Crude Price / ICP) U.S. $ 80 per barrel and for the lifting of 970 thousand barrels per day .

According to Agus, the draft 2011 budget law, the government and the Parliament agreed to include a target of poverty and unemployment as a measure of achievement to be achieved the government.

"Next year, a target of poverty and unemployment that has been there in the Government Work Plan (Work Plan of the Government) will be a clause of the state budget completely.'ll Be discussed at the Budget Agency," said Agus.

Government's target for next year's poverty level will be lowered to 11.5 to 12.5 percent and 7 percent unemployment.

Broadban Push the ASEAN Economic Growth

Development of broadband infrastructure network for information communication and telecommunication (ICT) will be assessed quickly to encourage economic development and social sectors in the ASEAN region.

"Various studies prove, not economically broadband service is limited to tax revenues for the state, but also capable of stimulating economic growth," said President Director of XL Axiata Page Husnul Suhaimi here on Monday.

Citing McKinsey, Husnul said every 10 percent increase in broadband penetration will increase the GDP of a country of about 0.6-0.7 percent.

"Every increase of 10 percent broadband penetration will also increase worker productivity by 1.5 percent in five years," he said.

In front of a seminar titled "Reinventing ASEAN? s Potential: with permission from the New Opportunities" - Axiata 8th ASEAN Leadership Forum, he said that the availability of broadband services will facilitate the connectivity of ASEAN.

"Broadband can overcome the obstacles of transportation to remote areas in the realization of development in rural areas," said Hasnul.

For that Hasnul stressed the need for synergy antarpelaku telecommunications industry and government support in implementing the service useful, inter alia cooperation "network sharing" such as towers, backhaul, and fixed networks to minimize costs.

Predicts the World Bank and George Soros

HOW the world economic outlook in the near future? It seems not too encouraging. At least that's what has been described from the World Bank report launched at its headquarters in Washington, DC, on Monday last week. World economic growth in 1998 estimated that only 1.8 percent or one half of the achievements of years ago. Breakdown of this growth was the largest donation came from developing countries, especially Asia. Brazil, Indonesia and Russia are the big three among the 33 countries that contribute to a negative per capita growth. This means quarter of the world's population, on average, poorer than last year. A pretty bleak picture considering last year only one-tenth of world population, who live in 21 countries, the terrible fate like this.

Unfortunately, the main sufferers world economy is more felt by the poor. The monetary crisis that occurred''has shown how not protected the poor in East Asia as a regional economic difficulties, "said Dipak Dasgupta, lead author of the report entitled Global Economic Prospects and the Developing Countries 1998/99: Beyond Financial Crisis almost 200 pages thick .

That's why the World Bank's assistance in recommending special protection for the poor as one of the branches of a dual strategy to overcome the existing economic crisis. Another branch is to restructure the economy, particularly in strengthening the banking sector, through long-term international assistance. Another interesting feature of the World Bank report is terselubungnya criticism of IMF policies in overcoming the crisis, especially in East Asia. High interest rate policy and the elimination of many aid to the poor as a condition to receive IMF loans are considered inappropriate and aggravating circumstances.

Oil Prices Soar, World Economic Growth Threatened

World Bank and International Monetary Fund (IMF) predicts that world economic growth will slow this year, mainly due to soaring oil prices. World Bank annual report Global Development Finance 2005 estimates, the world economy in 2005 will drop to 3.1 per cent compared to growth in 2004 which reached 3.8 percent. While the IMF has warned that high oil prices will erode global economic growth by 0.25 to 0.50 percent this year. Both institutions provide growth projections before the joint annual meeting in Washington this month and a week before the IMF publishes its World Economic Outlook the second. In its report, the World Bank said last year developing countries experiencing high growth. Strong economic growth last year was also supported from the expansion of rapid growth that occurred in China, India and Russia. But now developing countries are forced to adjust to because it affected the impact of global imbalances, particularly due to deficits in the United States amounted to U.S. $ 666 billion.

According to the World Bank, developing countries last year's average of 6.6 percent growth, which supported the entry of the flow of funds into the region since the financial crisis late in 1990. Private capital flows (net), including debt and capital (equity), to developing countries last year increased to U.S. $ 301.3 billion. "Recovery influx of funds into an important strengthening of economic fundamentals in many countries in the region," said Francois Bourguignon, Chief Economist of the World Bank. "But what happens to the current global financial recovery can be a threat to economic growth."

World Economic Growth

European officials ask the United States to join in the effort to limit speculators who bet against the Euro, prohibit using credit default swaps. In the last weeks of traders to bet millions of dollars against the euro just as the Greeks can not afford to pay huge debts. Luxembourg - German Chancellor Angela Merkel said the monetary fund to bail out European countries will provide a bright spot to the market, while providing a signal to speculators in order not to exploit the current situation.

Athens - Greece protestors say they will increase the garbage, which eventually became a pile of garbage in the streets of Greece. Beijing - Officials who deal with China's foreign reserves trying to reduce the pressure and rumors circulated, especially about the news that China will use a great mastery of American debt in the political field. Johannesburg - Head of the IMF believes that the world needs to prepare for the next economic crisis, despite the current conditions have started to recover from its worst recession. London - Deficit England and other countries, expanding in January after a fall in export commodity. Berlin - German corporate bankruptcies rose by 15% in the year 2009 the first time in six years. Abu Dhabi - Rupert Murdoch opposed strict controls too on the Middle East media, called censors hamper productivity and asks Arab leaders to allow creative people

Global Economic Growth

Indonesia as a small open economy in the global economy are very easily influenced by international economic developments, both positive and negative. Effect of contagious and spill over from abroad to easily hit the national economy. Looking ahead, the authorities needed the ability to design economic policies of the toughest and not easily swayed by the waves of the world economy. Recent experience shows that Indonesia's economy is very vulnerable to the negative impact of international developments. Whereas international economic developments can be said is still not friendly. U.S. central bank (the Fed) is still projected to raise interest rates. Similarly, the downward trend of oil prices in international markets also seem not continue as we expect. And, therefore, high oil prices are still going to be a part of our lives. Meanwhile, global economic growth in general is still low and stagnant.

Projection of the International Monetary Fund (IMF) in September 2005 World Economic Outlook shows that the overall world economy to grow slower this year.

The world economy in 2005 grew by 3.5%, but this year estimated that only 3.3%. While Japan's economic growth rate this year is expected to stagnate at the level of 2% as in 2005. Thus, difficult to expect a large increase of our exports. Global economic developments less profitable indeed have contributed to the deterioration of the Indonesian economy. But still the main problem is the inability of our economic team to anticipate and formulate good policies, so that deterioration which occurs increasingly widespread.

The government itself saw this dangerous trend. Therefore, President Susilo Bambang Yudhoyono is limited to the United Indonesia Cabinet reshuffle in the economic field, some time ago.

The presence of a new economic team was high time to give hope. Money and capital markets responded positively to their presence. But the market also saw that the new economic team in his cabinet did not immediately able to solve problems and challenges. This we can see today. Partly because the challenges and problems facing the Indonesian economy is still heavy. Various deterioration that occurred is still the economic balance of this year, and it is not easy to overcome. Moreover, state finances are still too heavy because of the large debt burden borne by the government.

INTERNATIONAL ECONOMIC DEVELOPMENTS

Prolonged Asian economic crisis has changed the world economic growth forecast for the year 1998 the level is lower than previous estimates. For instance the IMF, the World Economic Outlook May 1998 edition, the revised economic growth forecast for the world back to about 3 percent of the estimated 3.5 percent in December 1998 and 4.25 percent in October 1998. Lower economic growth will occur in countries that this year is still experiencing an economic crisis, namely Indonesia, Korea, and Thailand. These countries will experience a sharp decline in domestic demand and imports. On a smaller scale, the decline in growth will also occur in Malaysia, the Philippines, and several other East Asian countries.

Among developed countries, the Japanese short-term outlook appears to worsen. Associated with various economic difficulties being faced by Asian countries which are its main trading partner, Japan's economic recovery is hampered by a variety of domestic economic problems, such as a weak financial sector and the difficulties caused by bad debts, delays in implementing structural reforms, as well as decrease fiscal stimulus in the year 1997 as the increase of consumption tax. Meanwhile, the economic growth of countries in North America and Western Europe remains at the level of alert. Strong domestic demand conditions in the United States, Canada, and Great Britain and several other Western European countries are expected to drive improvements needed balance of payments position of Asian countries due to the reduced flow of foreign capital into the region. Asian countries which are experiencing the process of restructuring an opportunity to increase exports to the developed countries.

Although so far the crisis Asian countries is still limited impact on world growth, however, this crisis together with the decline in oil prices can cause quite extensive changes to the development of world trade. Some countries may suffer painful consequences. These countries are not expected to conduct trade barriers or excessive exchange rate depreciation to improve their competitiveness. This will result in defensive reactions ýcounterproduktifý, slowing the process out of the crisis, and reduce the potential for world economic growth.

Killing Effect of the Church Pastor in Rome on the Italian Stock Market

Archbishop Ruggero Franceschini, 71, from 6 years Latin archbishop of Izmir, is blunt: after the martyrdom of Archbishop. Luigi Padovese the Church in Turkey is devastated and hurt, but more united. Catholics, Orthodox, Armenians, Chaldeans are more fraternal. The outspoken bishop is also another aspect: the Church in Turkey wants to know "the whole truth and nothing but the truth" about the motives of the assassin of Msgr. Padovese. The Church does not believe the Turkish murder of a sexual nature, or "pious lie" of mental illness Murat Altun. He knows that the killing took place following an Islamic ritual, but behind this apparent there's fanaticism. Especially since the murderer has never been a devout Muslim. Mgr Franceschini hypothesized that the assassination was designed with precision, the killer for well educated, and sponsors must have the purpose to destabilize the country and removal of Turkey from Europe.

With the clarity that distinguishes it, he asks the universal Church of Rome and the show closer to Church of Turkey with intelligence and effective solidarity. It makes an appeal for volunteers, teachers, nuns and religious, go on mission in Turkey, mainly to keep open the few Catholic schools.

Tibet issued on G 20 Forum

Several pro-Tibet groups and about 133 MPs elected in 30 different parliaments of the world have sent a letter to Canadian Prime Minister Stepehen Harper, who now hosts the Toronto meeting of the leaders of the 20 largest industrialized nations, which also involved the Chinese president.

Matthew Mecacci, president of the International Parliamentary Group for Tibet, called "essential that the leaders of the G-20 to convince China that it is necessary to resume negotiations with representatives of Tibet." Beijing had opened talks with Tibet following the international outcry for the suppression in the country in March 2008 for fear of a boycott of the Beijing Olympics in August 2008. But the Olympics finished, closed the box with nothing done and he did not want to reopen.

Professor Samdhong Rinpoche, Prime Minister (Kalon Tripa) of the Tibetan government in exile, spoke on the matter. The meeting of G-20 says Rinpoche - has financial purposes and on such occasions to human rights and civil liberties is not given much attention at this time. It 'sad that in the 21st century human rights and dignity are not regarded as relevant and part of humanity suffers from oppression and exploitation by totalitarian regimes. But this is now reality, the focus is placed primarily on economics and trade, was reluctant to raise issues that are uncomfortable and can not assist their economic interests.

Provide Loans to Greece

By means of this letter I would like your room to inform of the results of a teleconference that the Eurogroup on April 11 last, has held. During this teleconference, the Eurogroup mandates to the European Commission's order immediately with the IMF and the ECB to decide how a possible joint aid program for Greece to drain zien.1 There is also agreement on the terms under which aid to Greece, In a joint operation with the IMF, could be granted. The decision by the Eurogroup is spelled out in the declaration the Government on March 25, 2010 adopted. I have you in a previous letter (chamber 2009-2010, 21 501-07, no 703) informed about the serious consequences for financial stability in the euro area, should the situation in Greece out of hand. All euro area countries, including the Netherlands, would be great to lose here. The decision of the Eurogroup aims to be ready to work with the IMF to provide loans to Greece, should the situation so questions. I want to stress that no decision has been taken to support and that the Greek authorities have not requested assistance.

Economists Crack Itself

Last week there were professors Eijffinger and Van de Klundert in The Times with a critique of the CPB. The Times headlined opportunistic, "chief economist cracking CPB. I can in any case difficult to understand how economists think these two make mistakes.

Eijffinger and Van de Klundert make first a comment that is factually inaccurate: "The Central Planning Bureau (CPB), the next two cabinets 29 billion euro cut in view the sustainability gaps, the account of the crisis for future generations down impose ". Moments later, they claim: "The way the agency then the discussion on sustainability is driven, is misleading. It does not all at once. "

But the CPB has never claimed how fast the sustainability gap must be eliminated. DNB, the Study Group on Budgetary and some political parties all have views on how fast the sustainability gap must be eliminated, without CPB.

Eijffinger and Van de Klundert criticize the CPB, not all aspects of aging in mind to include in the calculations, "CPB downplays the benefits of aging and gives no balanced view of this problem long term." Future generations inherit The current generation of production potential in the form of capital, intangibles and knowledge. Even with the advance of technology development for future generations better off. "

Concept for Additional Spending

This concept election is therefore in a shorter time span than usual reached. The election commission has narrowed, but sure, fortunately secured the input of many. Party members, organizations, networks have also joined in this tight schedule - for which we are very grateful.

This concept gee up our views on the issues now and in the future for our prosperity in the broadest sense are important. This concept election is therefore essentially a playback of our priorities for the coming years. It can not be regarded as one of the fullest possible list everything we have to wish for our country and for the rest of the world. From the many good ideas that were-bear, we have only limited selections.

Nancial the potential for additional spending and new policies in the coming years old. Precisely because it is important that there is no misunderstanding about the direction we choose for the Netherlands and its role in the world. That is why a comprehensive vision on the major chal-lenges of our time and our answers.

World Summit on Sustainable Development in Johannesburg, South Africa.

Sustainable development of Economy' is the key concept in the report "Our Common Future" which was released in 1987 by the UN Brundtland Commission. This report is also known as the Brundtland Report, named after former Norwegian Prime Minister Gro Harlem Brundtland, who chaired this committee. Brundtland made a clear link between economic growth, environmental issues and poverty and development issues. 

The report argues that poverty is an obstacle to sustainable use of natural environments and integration of conservation and economic development necessary for sustainable development. Another milestone was the Biodiversity Convention of Rio de Janeiro in 1992. Member States agreed at the UN conference, to develop new policies for environment and development. The new development pattern was found for all countries, sustainable development was mentioned. In 2002, the largest UN conference held to date: the World Summit on Sustainable Development in Johannesburg, South Africa. During these conferences was that not obvious that the current prosperity in Western countries until the end of time on the same high rates can be sustained. This is due to the scarcity of resources, which we must deal wisely. We need all our resources use efficiency and savings to jump in energy and biodiversity. We must invest in knowledge and education, so that technologies can be developed to subsequent generations with minimal use of scarce raw materials and fossil energy is an acceptable level of wealth creation for themselves. Sustainability is characterized by large uncertainties about the future. Indeed, sustainability is about long term and the longer the term, the greater the uncertainties. Especially when it comes to demographics, technological developments and the strength of our living systems.

Booming of China's Trade

Despite the booming trade, China wants to promote in the new year its economy further. Finance Minister Xie Xuren warned against a premature departure from the expansionary fiscal policy. The measures were aimed at this year mainly to the strengthening of domestic demand, the minister said late on Sunday evening.

The latest trade figures for December pointed to an unbroken economic power of the country: Thanks to expect economists now bubbling Exports and imports in the fourth quarter of 2009 with a tightening of economic growth to more than eleven percent to 8.9 percent in the third quarter. In view of China's trade is also likely to remain on course to overtake Germany as the world's leading exporter of 2009. Final figures it is however lacking.

Income should be increased

The measures the Government should support the development. You will mainly increasing the income of low wage earners and farmers, as Finance Minister Xie said, according to official news agency Xinhua. In addition, the state supports public construction projects such as schools and hospitals. Even if the taxes are subject to change. Details, he called it at first.

The Chinese economy has recovered from an almost-standstill in late 2008 because of the financial crisis over the past year strongly, thanks to the billions the government's measures: The government stimulus package amounted in 2009 to four trillion yuan (409 billion euros) and was flanked by a generous lending by the banks. From the recovery rate also benefited other economies, particularly in Asia

Meeting of G20 Finance Ministers on April 23 in Washington

A meeting of finance ministers of the Group of G20 rich and emerging to be held April 23 in Washington, said Monday the website of the International Monetary Fund. Ministers are to meet at IMF headquarters on the eve of the beginning of spring meetings of the Fund and the World Bank, 24 and 25 April.

A briefing is scheduled on that Friday at 5:20 p.m. (9:20 p.m. GMT/23h20 HEC) with Korean Minister Yoon Jeung-hyun and Canadian Minister Jim Flaherty said the program issued by the IMF. These two men represent the two countries co-chairing the G20 this year. The IMF does not mention a possible meeting of ministers of the G7, as it generally holds meetings on the sidelines of the IMF and World Bank.

Canada will host in June the G8 and G20, and Korea in November.

The G7 comprises four European countries (Germany, France, Great Britain and Italy), Canada, the United States, and Japan. The G8 added Russia. The G20 includes the G8 and other economies among the largest in the world (South Africa, Saudi Arabia, Argentina, Australia, Brazil, China, South Korea, India, Indonesia, Mexico and Turkey) and the European Union .

Greek Budget Policy

In January 2009, the Ministry of Economy and Finance published the revised stability program. To the budget deficit, the government has made various proposals. These include reducing the number of officials and include reducing travel by officials.

From 2004 to 2007 while the Greek budget deficit below 3 percent. In February 2009, the European Commission presented a proposal to Greece under the excessive deficit procedure by the EU to drop. Eurostat noted that in 2007 the deficit is in reality above the 3 percent and that in 2008 the limit was exceeded. Eurostat is expected for 2009 and 2010 re deficits of 3.7 percent and 4.2 percent.

Under the Stability and Growth Programme, the ratio of debt to GDP and more than 60 percent. The forecast for Greece in 2008 is 94.1 percent. The Greek government has announced a number of incentives to implement. These include increased benefits for pensioners below the minimum, aid for farmers and housing subsidies for lower income earners.

Inhibiting Factor of Economic Growth in Somalia

The situation in Somalia from any perspective is bleak and there is little hope of improvement in the short term. The basis for this is the lack of a broad political solution to conflicts that afflict the country. The Djibouti process is more or less stalled due to a lack of inclusiveness. The armed opposition seems not currently interested in joining this process and the Transitional Federal Government (TFG) is too weak for other factions to convince of the need to participate.

Ultimately the key question is where the common interest of all concerned Somali faction by very different motives and interests are driven, from the influence of the clan, religious, economic gain and political power. This question will the Somalis themselves must be answered, because the past has shown that one imposed from above or from outside political solution offered does not work. So far killed all political processes to lack of support in Somalia or the uncoordinated actions of external actors, who often pursue their own agenda in Somalia and therefore recruit local partners. Such interventions have not always been so supportive of the difficulties in reaching peace and make some more sense in that part of the problem than the solution.

Economic Growth in Third World Countries

In Third World countries the impact of the global financial crisis has resulted in a rebound of the slowdown experienced by developed economies, because, logically, its external dependence. There was the following:

• A decline in exports
• A reduction in remittances
• A reduction in foreign direct investment
• A drop in capital flows

To make matters worse, all this we must add two things: the raw material crisis that erupted in 2008, in the preface to the financial crisis and the effects of climate change are increasingly apparent.

Here we will further analyze the impact of economic crisis in third world countries.

We began by asking: What is the Third World?

The meaning of Third World is not geographically, but economically. This locution Sauvy coined in the fifties of last century from the idea of the third state of the French Assembly created following the French Revolution. Intended to designate countries that do not belong to any of the opposing ideological blocs in the Cold War. In practice, proved to be the income per capita lower.

The U.S. Budget & Tax System

THE HAGUE - The leadership of the Christian Union wants the next government period, the load increases mainly precipitate at the highest incomes.

This is contained in a draft election platform on the website of the party which has been published and Christian Union members this week to respond. Then comes a final draft and the members at an election conference final decision.

One of the measures to the extent income tax is additional to the establishment of a temporary crisis and recovery fee. This is an additional burden on top of the highest tax rate of 52 percent. How high the fee should be temporary, about the Party at this stage no decision.

In May last year, Senator Schuurman Christian Union has a similar crisis fee. That should apply to anyone who earns more than the Prime Minister (about 125,000 euro). The second parliament for the Christian Union rejected the proposal last year off.

Furthermore, the party that the mortgage interest is deducted at a rate equal for everyone. At this time, the amount to deduct the interest income at the highest rate of 52 percent disk. In addition, the CU repaying the mortgage market by the annual deductible amount thirtieth part reduction.

The Christian Union wants the structural deficit of 36 billion in three periods cabinet removal. That means a saving of 12 billion over the next four years. This is precisely the party between CDA and PvdA in.

The Christian Union wants the child various schemes into one kind budget and calls for a tax system for working families.

Subsistence Economy In Developing Countries

It is understood that for subsistence economy based on agriculture or livestock in farms, usually family, which is only enough for food and clothing for the family or social group in which there are no trade surpluses that can or, if they occur, these are rare and are used immediately to barter with other families or social groups.

Subsistence peasant economies are a complex variable from culture to culture, from year to year and even from one season to another. These savings combine productive activities, agriculture and animal husbandry, mining, milling activities, leñateo, hunting, fishing, collecting fruits, seeds, wild fibers, herbs and other non-crops, mining of alluvial gold, etc .- with paid work and in cash (jornaleo) or as an exchange for their housing and access to agricultural land or agricultural or livestock production. [1] In all peasant economies are also manufacturing handicrafts: textiles, ceramics, wood carving, etc. . to produce furniture, utensils and tools for self-consumption, barter and trade. Similarly, all subsistence economies seeking a commercialization of the surpluses of the various activities.

The vector composition of the activities of a rural economy can change in the short term and in general is subject to cycles, pulses mediated by intra-annual climate (temperature, rainfall, wind ...) that define the phenology (germination, flowering , fruiting, defoliation, etc..) wild plants and cultivation and to a lesser extent animal production (birth, growth and reproduction).

The analysis of the combined subsistence peasant economies accounting work effort, measured in days or salaries · man dedicated to an activity for a year or season to profitability, in terms of value added, production from such activity, as local market prices.

Another meaning is that it is simply economies which consumes everything that occurs