Saturday, 14 December 2019

Sri Mulyani: Govt Foresees China`s Possible Slow Economic Growth



Petir Garda Bhwana

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  • TEMPO.CO, Jakarta - Finance Minister Sri Mulyani said that the government has prepared measures to anticipate the economy of China which is predicted to experience slow growth this year. She added the condition would not affect demands of Indonesian products and services since China required to meet its domestic needs.

    Sri Mulyani explained that the government would strive to maintain economic growth despite the unstable and declining external condition, “by focusing on domestic demands. Also, keep the inflation low to maintain the purchasing power and consumption.”

    The government would assure policies that encouraging the investment, by providing multiple conveniences, incentives, and the tax holiday for investors with certain values and sector.

    The minister underlined those policies would be adjusted, so it would not only increase the investment but also support exports considering the government must recover the current account deficit in the balance of payments.

    “And protecting the poor because many social programs are taken in 2019. Hopefully, this will not only able to support the government spending but also the foundation of the country’s economy,” Sri Mulyani concluded.