Indonesia Estimates 5.1 Percent GDP Growth in Second Semester

Jakarta, 21 Syawwal 1437/26 July 2016 (MINA) – The Indonesian government forecast the country’s economy to expand 5.1 percent at the second semester as the spending of development budget rises amid rebound of exports, a key economic minister disclosed here on Monday.

Economic Chief Minister Darmin Nasution said that banking credits have gradually increased in recent months.

“Our exports have indicated a hike in the last three months,” he was quoted by Xinhua as aaying at coordinating ministry office.

Indonesia is gearing up a repatriation of huge funds after the parliament endorsed tax amnesty law last month which may spur a huge influx of funds into the country.

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That is expected to help financing President Joko Widodo huge infrastructure projects.

For the whole of this year, the government forecasts the economy to grow 5.3 percent. (T/R07/R01)

Mi’raj Islamic News Agency (MINA)