Sri Mulyani Elaborates 2017 Economic Growth Target before DPR

TEMPO.CO, Jakarta - Finance Minister Sri Mulyani Indrawati expressed optimism that the national economic growth would improve along with the global economic growth. However, she warned that global risks, such as Qatar’s political situation, could affect oil and gas prices.

Sri Mulyani added that despite increasing demands in exports and imports, Indonesia must remain cautious in managing exports. She explained that several factors, including a momentum, are important in order to achieve the economic growth target between 5.4 and 6.1 percent.

Sri Mulyani said that the economic growth in the first quarter is the reversal momentum of the same period in the previous years.

“We managed to achieve [economic growth of] 5 percent in the first quarter since there was an indication of sentiment and trend reversal. We projected that a six-percent growth in consumption will lead to economic growth between 5.1-5.4 percent,” Sri said at the Senayan Parliamentary Complex in Jakarta today.

The second factor includes Asian Games, Paralympic, and IMF-Worl Bank Summit 2018. According to Sri Mulyani, the events will boost foreign tourist visits to Jakarta, Palembang and Bali, which will lead to increased state revenue.

Another factor is State-Owned Enterprises (SOE) capital expenditures, loan distributions for working capitals and SOE investment. Sri Mulyani added that the investment growth target between 6.8-8.0 percent can be achieved by boosting investment in the infrastructure field.

DESTRIANITA