Jakarta (Antara Bali) - The Indonesian economy in 2017 may grow 5.2
percent or above the target of 5.1 percent by strengthening domestic
sources of growth, Finance Minister Sri Mulyani Indrawati said.
"If domestic demand is better and stronger, the 5.2 percent
(growth) will likely be achievable," she said here on Wednesday,
responding to the World Banks economic growth forecast of 5.2 percent
for Indonesia this year.
Sri Mulyani noted that the domestic sources of economic growth for
2017 will still rely on household consumption, and government investment
and spending which have been the main engine of the national economy.
"If the inflation rate and (market) confidence can be maintained,
we can hope that consumption will grow 5 percent and investment will
grow 6 percent. If we can do it with better government spending, it will
create a good momentum," she said.
She said the government will consistently issue various policies
and instruments to realize the momentum of economic growth.
It is important to strengthen the domestic economic fundamentals
and economic growth sources while uncertainty still casts a shadow on
the global economy following the election of Donald Trump as the US
president and the UK exit from the European Union.
"We must strengthen domestic growth sources as the outcome of G20
meeting has underscored the need to strengthen economic foundation so
that we will be able to protect the momentum of growth against the
global uncertainty," she said.
In its latest quarterly report, the World Bank has projected the
Indonesian economic growth rate for 2017 at 5.2 percent, fueled by
improving commodity prices despite the risk of global uncertainty and
fiscal dynamics.
The World Bank believed Indonesias economic fundamentals will
remain strong, supported by improving unemployment rate, low current
account deficit, and controllable inflation rate of below the targeted 4
percent.
The other boosts of the national economic growth will be increasing
real income, monetary policy. and commodity prices which will help
increase household consumption, investment and rising exports in the
fourth quarter of 2016.(WDY)
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