Sri Mulyani: Govt Eyes Economic Growth of 6.1 Percent by 2018

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  • A worker at a pairing stanchion, at HI Roundabout, Jakarta on Friday (24/1). The World Bank projected global economic growth of 3.2 percent reached 2014  while the economy of Indonesia in 2014 is estimated to grow in the range of 5.9 - 6.1 percent. TEMPO/Imam Sukamto

    A worker at a pairing stanchion, at HI Roundabout, Jakarta on Friday (24/1). The World Bank projected global economic growth of 3.2 percent reached 2014 while the economy of Indonesia in 2014 is estimated to grow in the range of 5.9 - 6.1 percent. TEMPO/Imam Sukamto

    TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati said that the government has set a target of economic growth between 5.4 percent and 6.1 percent next year. The number is higher than this year’s target of 5.1 percent.

    During a plenary session held at the Senayan Parliamentary Complex in Jakarta on Tuesday, June 6, 2017, Sri Mulyani said that the target reflected optimism and caution, “Because we’re still facing global uncertainty.”

    Read: Minister Sri Mulyani, Jokowi Discuss State Budget

    The former World Bank managing director explained that economic growth must be leveraged in order to drive the real sector, absorb workers, and improve prosperity. In a bid to achieve the target, she suggested that the growth of household consumptions must be maintained at 5.4 percent, by improving job opportunity, maintaining low inflation rate and supporting social spending.

    Sri Mulyani added that the investment sector is expected to grow by 8 percent, as the government continues to spend budgets for infrastructures and improve state-owned and private companies’ involvement in infrastructure development projects.

    “The government will continue to optimize non-state budget investment financing sources and improve the investment climate by simplifying regulations,” she said.

    The government, Sri Mulyani went on, will also boost exports of competitive manufacturing products, natural resource commodities, and market expansion along with global economic growth. According to her, the government will also focus on improving logistics, infrastructures, regulations and human resources quality to boost productivity.

    GHOIDA RAHMAH