Government Confident 2016 Economic Growth Reaches 6%
The Government
believes that economic growth in 2016 will
be better compared to this year. Even
if global economic conditions had
improved, the government believes economic growth in Indonesia will touch the
figure of 6 percent.
Coordinating Minister for Political, Legal and Security Luhut Binsar Panjaitan, in his presentation at the International Business Think event was initiated by the University of New South Wales (UNSW) Australia on Thursday, November 26, 2015 and then explained, national economic growth has started to recover.
Visible, based on data from the Central Statistics Agency (BPS), Indonesia's economic growth in the third quarter of 2015 recorded 4.73 percent, improved when compared with the second quarter of 2015 and 4.67 percent recorded in the first quarter of 2015 recorded 4.72 percent.
Luhut see, with their multiple policy packages issued by governments, economic growth would go faster again next year. The reason, a package of measures issued by the government not have a major impact at this time but will be visible in the next year.
"The policy package has not been too impacted now, the new policy package looks real results started Ferbuari 2016," he said, as quoted on Sunday (11/29/2015).
To note, the government has issued six policy package from mid-September to mid-November yesterday. The package ebsar partly aimed at encouraging the growth of investment both from within the country and abroad.
Luhut continued, with the economic growth in the third quarter of 2015, the government is confident that next year's economic growth will be speeding.
In his estimate, the minimum national economic growth could reach 5.6 percent. Even Luhut sure that if global economic growth also improved the nation's economic growth could be at the rate of 6 percent.
Drivers of growth include government spending on infrastructure. Some of the government's infrastructure projects have been running in this year and has already seen its effects in some sectors. He pointed out, in the third quarter 2015 demand for cement starts to rise.
Coordinating Minister for Political, Legal and Security Luhut Binsar Panjaitan, in his presentation at the International Business Think event was initiated by the University of New South Wales (UNSW) Australia on Thursday, November 26, 2015 and then explained, national economic growth has started to recover.
Visible, based on data from the Central Statistics Agency (BPS), Indonesia's economic growth in the third quarter of 2015 recorded 4.73 percent, improved when compared with the second quarter of 2015 and 4.67 percent recorded in the first quarter of 2015 recorded 4.72 percent.
Luhut see, with their multiple policy packages issued by governments, economic growth would go faster again next year. The reason, a package of measures issued by the government not have a major impact at this time but will be visible in the next year.
"The policy package has not been too impacted now, the new policy package looks real results started Ferbuari 2016," he said, as quoted on Sunday (11/29/2015).
To note, the government has issued six policy package from mid-September to mid-November yesterday. The package ebsar partly aimed at encouraging the growth of investment both from within the country and abroad.
Luhut continued, with the economic growth in the third quarter of 2015, the government is confident that next year's economic growth will be speeding.
In his estimate, the minimum national economic growth could reach 5.6 percent. Even Luhut sure that if global economic growth also improved the nation's economic growth could be at the rate of 6 percent.
Drivers of growth include government spending on infrastructure. Some of the government's infrastructure projects have been running in this year and has already seen its effects in some sectors. He pointed out, in the third quarter 2015 demand for cement starts to rise.
Unlike the
government, Bank Indonesia (BI) is more pessimistic on the economic growth
target next year. BI
estimated economic growth in 2016 is in the range of 5.2 percent-5.6 percent. Sustaining
the growth of domestic investment, especially from the side.
Correspondingly, BI Governor Agus Martowardojo predicts credit growth in 2016 of 12 percent-14 percent. Then the inflation rate is in the range of 4 plus minus 1 percent. The current account deficit below 3 percent.
In the medium term (2017-2019) estimated economic growth of 6 percent to 6.5 percent. Inflation is in the range of 3.5 percent plus minus 1 percent. Then the current account deficit is estimated to be 2.5 percent.
First, the government has taken various initiations to overcome structural barriers. It became one of the capital of the national economy to become more competitive.
"Second, in the next 15 years, Indonesia will have a productive age population will continue to expand persistently sustain future economic growth, while strengthening the basis for goods and services in the domestic market,"
Third, Indonesia has entered an age where the consolidation of political life in a democracy that is free and open. As well, it has been able to walk and be coupled with a positive achievement in the advancement of economic progress.
"Fourth, discipline in macroeconomic management has been a major capital of no less importance to maintain economic stability," he said.
Agus believes the economic outlook will bounce back because of sustained healthy economic structure, balance, and endurance
Correspondingly, BI Governor Agus Martowardojo predicts credit growth in 2016 of 12 percent-14 percent. Then the inflation rate is in the range of 4 plus minus 1 percent. The current account deficit below 3 percent.
In the medium term (2017-2019) estimated economic growth of 6 percent to 6.5 percent. Inflation is in the range of 3.5 percent plus minus 1 percent. Then the current account deficit is estimated to be 2.5 percent.
First, the government has taken various initiations to overcome structural barriers. It became one of the capital of the national economy to become more competitive.
"Second, in the next 15 years, Indonesia will have a productive age population will continue to expand persistently sustain future economic growth, while strengthening the basis for goods and services in the domestic market,"
Third, Indonesia has entered an age where the consolidation of political life in a democracy that is free and open. As well, it has been able to walk and be coupled with a positive achievement in the advancement of economic progress.
"Fourth, discipline in macroeconomic management has been a major capital of no less importance to maintain economic stability," he said.
Agus believes the economic outlook will bounce back because of sustained healthy economic structure, balance, and endurance
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