Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Economy to Grow by 5.0-5.1 Percent in Q4: Minister Sri

Translator

Editor

11 November 2016 16:16 WIB

Finance Minister Sri Mulyani Indrawati. ANTARA/Puspa Perwitasari

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati said in Jakarta on Thursday, November 10, 2016 that the economic growth to stand at the range of between 5.0 and 5.1 percent, "due to expansive fiscal [policy]."

According to Sri Mulyani, ministries and institutions will realize their budget expenses at the end of 2016, which is estimated to reach 96 percent of the target.

Sri Mulyani added that the state expenditure in the period of October-December 2016 would stand at Rp 600.6 trillion (US$46.2 billion), comprising of central government expenditure and budget transfers to regional governments. Meanwhile, the domestic revenue is estimated to stand at Rp 486.1 trillion (US$37.4 billion) in the fourth quarter.

"Therefore, there is a net deficit of Rp 114.5 trillion (US$8.8 billion)," Sri Mulyani explained.

Sri Mulyani said that the deficit would be covered by issuances of government debt papers which have progressed to 98.7 percent.

"The rest will be covered by issuances of debt papers in the domestic market," Sri Mulyani stated.

Sri Mulyani confirmed that the Revised 2016 State Budget deficit would be maintained at 2.7 percent of the Gross Domestic Product (GNP).

In the third quarter, the economic growth stood at 5.02 percent year-on-year (yoy), which was higher than those in ASEAN countries. The growth was supported by household consumption, which was maintained at 5.0 percent. The figure represented Indonesia’s stable economy.

Despite the favorable figure, the investment sector had not shown an improvement in the third quarter. Government spending continued to show negative trends following and budget postponement and cuts.

VINDRY FLORENTIN



Indonesia Maintains Its Macroeconomic Stability With Good Consumer Confidence

8 hari lalu

Indonesia Maintains Its Macroeconomic Stability With Good Consumer Confidence

Indonesia's macroeconomic stability is maintained with good consumption and adequate foreign exchange reserves.


Jokowi, Sri Mulyani Discuss Macroeconomics and 2024 State Budget

20 Februari 2023

Jokowi, Sri Mulyani Discuss Macroeconomics and 2024 State Budget

Minister of Finance Sri Mulyani Indrawati, conducted a limited meeting with President Joko "Jokowi" Widodo on Monday, February 20, 2023.


Jokowi Critical Against Sandiaga Uno`s Macroeconomics Approach

15 April 2019

Jokowi Critical Against Sandiaga Uno`s Macroeconomics Approach

Jokowi was critical against Sandiaga Uno's use of individual testimonies to represent the condition of Indonesia's macroeconomy.


Money Should Serve People, Not the Other Way Around, Pope Said

19 Oktober 2018

Money Should Serve People, Not the Other Way Around, Pope Said

The Pope is urging once again that the world leaders should
really serve public interests as well as consider ethics and
solidarity.


West Java Experienced Economic Growth

19 Oktober 2018

West Java Experienced Economic Growth

The growth is driven by solid domestic demands and export
prospects.


BKPM Sets 2014 Investment Target at Rp504 Trillion

19 Oktober 2018

BKPM Sets 2014 Investment Target at Rp504 Trillion

BKPM is targeting 2014's actual investment to reach Rp504 trillion with most of it
coming from the consumer and mining sectors.


Indonesia is Region's Fastest Growing Corporate Bond Market  

19 Oktober 2018

Indonesia is Region's Fastest Growing Corporate Bond Market  

With 12.1% growth, Indonesia's corporate bond market becomes the fastest
growing in the Asian region.


Indonesian Banks Book Rp 95.30 Trillion Profits

19 Oktober 2018

Indonesian Banks Book Rp 95.30 Trillion Profits

"The profit marks the highest record in the banking industry so
far," said Eko B Supriyanto, InfoBank Magazine's Research Bureau
Director.


FEALAC as East Asia, Latin America Connectors

19 Oktober 2018

FEALAC as East Asia, Latin America Connectors

FEALAC stands for 'Forum for East Asia and Latin America
Cooperation', a ministerial forum of East Asian and Latin
America countries.


BI Hopes Jokowi Effect Continues

19 Oktober 2018

BI Hopes Jokowi Effect Continues

Investors are expecting positive news related to Jokowi's
cabinet and concrete steps during his tenure.