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Tuesday, June 28, 2011

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.

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