ECONOMICS INDONESIA ON RECOVERY PHASE: FINANCE MINISTER

Minister of Finance, Bambang Brodjonegoro (finansial.bisnis)

Jakarta, 28 Muharram 1437/10 November 2015 (MINA) – Indonesian government though the Minister of Finance claimed that Indonesian economics growth has improved. Now, it is on recovering phase.

Minister of Finance, Bambang Brodjonegoro said some indications are visible from the improvement of Indonesia’s economic growth in the third quarter of 2015. Merahputih reported.

“Now, we are entering to the recovery phase. We must keep maintain the momentum,” he said, in Jakarta, Monday.

Bambang expected the trend of increasing and improving of economic growth also occurs in the fourth quarter of 2015.

“If we see global economic prediction next year is better. At least the economic growth target of 5.3 per cent in next year can be achieved,” he concluded.

Economic growth in some regions such as Sulawesi, Papua, part of Borneo and mostly in eastern Indonesia are above the national economic growth which only 4.73 percent.

“Economic growth in Sulawesi and Papua up to 7 percent,” said the economist from Gadjah Mada University (UGM), Mudrajad Kuncoro, in discussion themed “Growing Optimism in National Economic Deceleration ” in Jakarta, Monday.

According to Mudrajad, the weakening of the Indonesian economy because the downstream and upstream of agriculture sectors is not been not handled properly. It can be seen by the agricultural product processing industry is not been managed well.

Mudrajad said Indonesia’s economy will improve in the fourth quarter of 2015 if government budgets can be optimally absorbed, particularly for infrastructure and labor intensive projects.

Based on the data, the investment in Asia Pacific region has increased. In 2015, investment in the region rose to 9.2%, Indonesia had the highest portion of the investment in ASEAN (31%). Data from Investment Coordinating Board (BKPM), in the third quarter 2015, total realized investment into Indonesia reached Rp 400 trillion, up 16.7percent if compared to the third quarter 2014. This value has reached 77% of the total investment target in 2015. (TL/P008/R03)

Mi’raj Islamic News Agency (MINA)