Tuesday, 19 November 2019

BKPM Sets 2014 Investment Target at Rp504 Trillion

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  • Head of the Investment Coordinating Board (BKPM) Chatib Basri. TEMPO/Subekti

    Head of the Investment Coordinating Board (BKPM) Chatib Basri. TEMPO/Subekti

    TEMPO.CO, Jakarta - Head of the Investment Coordinating Board, Chatib Basri, is targeting 2014's actual investment to reach Rp504 trillion with most of it coming from the consumer and mining sectors.

    "In 2012, actual investment reached Rp313 trillion. This year, we target it to reach Rp390 and next year's target is set at Rp504 trillion," Chatib said in Jakarta, Monday, June 3.

    According to BKPM's date, in the first quarter of 2013 actual investment had reached Rp93 trillion, a 30.6 percent year-on-year increase. The current realization equals to 23 percent of this year's target.

    In addition to domestic consumption, investment is the backbone of Indonesia's economic growth. This year, the government is targeting the economy to grow by 6.2 percent, as proposed in 2013 Budget Amendment. For 2014, the economic growth is expected to reach 6.4 to 6.9 percent.

    ANGGA SUKMA WIJAYA