Govt expects growth of up to 6.9% in 2012

Erwida Maulia, The Jakarta Post, Jakarta | Fri, 05/20/2011

The government is targeting economic growth of between 6.5 and 6.9 percent in 2012, the finance minister says.

Finance Minister Agus Martowardodjo submitted the target, along with other macroeconomic assumptions for the 2012 fiscal year, to members of the House of Representatives at a plenary session on Friday.

Once approved by the House, the assumptions will be used to compose a draft for the 2012 state budget.

Finance Minister Agus Martowardodjo said the government was optimistic with the target, as it was in line the "positive signals" of the global economy for the year 2012.

"Based on [the positive signals], the government is optimistic that [Indonesia’s] economy will continue to grow in 2012, by between 6.5 and 6.9 percent," Agus said.

He added that the government would work to stabilize inflation and the rupiah in efforts to support the realization of the growth target.

"The government will also enact a number of strategic policies in 2012, including improving the competence of domestic industries, strengthening partnership schemes for private investment funding, improving the international trade performance, strengthening public consumption, and improving the investment climate in both financial and real sectors."

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