The four factors, Kemal said in Jakarta Friday is effective and expansive infrastructure, secondly, optimizing foreign investment to the real sector and not merely concentrated in the financial sector, thirdly, the government is able to maintain economic and political stability following the fuel restriction on April 1, 2012, and the fourthly, the government needs to make the bureaucracy more effective so that state expenditures would cover more productive development projects.
With regard to the IMF projection that the Indonesian economy this year would grow only by 6.3 pct, he said the IMF projection is depended considerably on the assumption that the crisis restoration in Europe and the United States has a significant effect on Indonesia's economy.
"According to 2011 data, the IMF projection turned out to be 0.1 pct lower than our economic growth of 6.5 pct. And we need to recall that our macroeconomic fundamentals are quite strong in facing external shocks because our economic growth is encouraged more by domestic economyc performance" he said.
Kemal also suggested the government to be serious in overcoming the classic problem of state financial expenditures.
"The government needs to be serious in making state expenditures more effective and productive. A low capital spending needs to be solved soon besides to improve the state budget planning cycle so that capital expenditures would be more effective," he said.(T007)
: Nyoman Budhiana
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