5.3% Targeted Economic Growth Realistic: KEIN

Translator

Editor

Kamis, 1 Januari 1970 07:00 WIB

The National Economic and Industry Committee (KEIN) Vice Chairman Arif Budimanta.

TEMPO.CO, Jakarta - The National Economic and Industry Committee (KEIN) said Indonesia's economic growth assumption of 5.3 percent proposed by the government in the 2017 State Budget is a realistic figure.


"Economic growth target set by the government is at 5.3 percent in 2017 and is still in the category of realistic and moderate figure," said KEIN Vice Chairman Arif Budimanta said on Saturday.


Arif said the target of more optimistic economic growth of 5.5 percent in 2017 could still be pursued again.


However, he expressed his concern about the economic growth target of 5.5 that is considered unrealistic and can lower confidence in the markets, given the current global economic conditions that are still full of uncertainty and exports that are difficult expected.


In a study done by KEIN, Indonesian can register economic growth by 7 percent in 2018.


According to Arif, to achieve the economic growth target of 5.3 percent, processing industries should become the priority sectors to be developed.


By developing processing industries, exported commodities will have added values.


MENTARI DWI GAYATI | ANTARA




Related News

Bappenas Lauds Jokowi for Indonesia's Stable Economy at About 5 Percent

6 hari lalu

Bappenas Lauds Jokowi for Indonesia's Stable Economy at About 5 Percent

Bappenas Head Suharso Monoarfa lauded President Jokowi's government as the country's economic growth was stable during his tenure.

Read More

Indonesia Says Steady Economy Can Support EV Development in the Country

8 hari lalu

Indonesia Says Steady Economy Can Support EV Development in the Country

Indonesia's success in maintaining economic resilience has enabled the country so potentially to develop its electric vehicle (EV) industry.

Read More

Economists Warn of Large Coalition in Prabowo-Gibran's Cabinet

11 hari lalu

Economists Warn of Large Coalition in Prabowo-Gibran's Cabinet

Several experts discussed input for Prabowo-Gibran in forming their cabinet.

Read More

A Domestic Recipe for the Middle East Conflict

12 hari lalu

A Domestic Recipe for the Middle East Conflict

The Middle East conflicts will harm the Indonesian economy. The solution is to improve the domestic economy.

Read More

Canada's Economy Misses February Growth Forecasts; Q1 GDP Seen Up 2.5%

13 hari lalu

Canada's Economy Misses February Growth Forecasts; Q1 GDP Seen Up 2.5%

Statistics Canada said GDP was likely unchanged from February.

Read More

Finance Minister Sri Mulyani Discusses Middle East Impact Mitigation with VP Ma'ruf Amin

13 hari lalu

Finance Minister Sri Mulyani Discusses Middle East Impact Mitigation with VP Ma'ruf Amin

Sri Mulyani said that geopolitical tensions in the Middle East became the focus of world leaders, which will have a significant economic impact.

Read More

Sri Mulyani Talks of Impact of Middle East Conflict on Indonesia

17 hari lalu

Sri Mulyani Talks of Impact of Middle East Conflict on Indonesia

Finance Minister Sri Mulyani said that geopolitical tensions in the Middle East are on the rise and have drawn the attention of global leaders.

Read More

OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability

25 hari lalu

OJK Spills Impact of Middle East Escalation on Indonesia's Financial System Stability

OJK will continue to monitor the latest developments in the Middle East and their impact on financial system stability in Indonesia.

Read More

Jokowi Asserts Diplomacy, Economic Policy to Anticipate Middle East Conflict Escalation

26 hari lalu

Jokowi Asserts Diplomacy, Economic Policy to Anticipate Middle East Conflict Escalation

Jokowi chaired a limited meeting with his ministers at Merdeka Palace, Jakarta, on Tuesday to discuss the impact of Iran's strike on Israel.

Read More

Airlangga Preps to Mitigate Economic Impact of Iran-Israel Conflict

27 hari lalu

Airlangga Preps to Mitigate Economic Impact of Iran-Israel Conflict

Coordinating Minister Airlangga Hartarto talked about the potential impact of Iran's attack on Israel on the country's economy.

Read More