TEMPO Interactive, Jakarta: The government has estimated that the economic growth target in the 2008 State Budget will be 6.6 percent.
The growth target was discussed in a cabinet plenary session yesterday (20/3) regarding the Government's Working Plan at the Presidential Office, Jakarta.
Finance Minister Sri Mulyani Indrawati said that the government wanted a higher economic growth compared to this year.
She said that growth of 6.6 percent was still realistic.
“But we'll have a look at the first half of this year,” she said after the session.
The cabinet session took about five hours yesterday from 10am WIB (Western Indonesian Time) to 3pm WIB.
After the session, not a single minister gave a press statement regarding the government's working plan that had been discussed.
For 2007, the Finance Minister is still certain that 6.3 percent growth target will be met.
However, she acknowledged the government must work hard in pushing economic growth to reach this target.
In addition, according to Sri Mulyani, all observers, Bank Indonesia and investors have predicted that the economic growth realization will be below the target.
Similar predictions have been mentioned by the World Bank, the Asian Development Bank (ADB) and the International Monetary Fund (IMF).
According to these organizations' estimations, Indonesia's economic growth in 2007 will be between 5.5 and 6.5 percent.
The organizations consider that there has not been any significant investment increase yet to push economic growth.
For growth of 6.3 percent, the required investment increase is 12.3 percent.
SUTARTO
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