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The
Indonesian government is preparing a draft stimulus package as part of efforts
to anticipate the impact of the global crisis that is expected to continue
until early 2012, Finance Minister Agus Martowardojo said.
“In
response to what is happening in Europe today we have thought of a stimulus
package expected to be introduced in the first semester of 2012,” he said at a
working meeting with the House of Representatives Commission XI here on
Thursday.
The
stimulus package would function as a means to anticipate any possible impact of
the global crisis on the Indonesian economy as a whole, he said.
“We are of
the view if what is happening in Europe is to continue it will most likely
affect our trading partners or countries investing in Indonesia,” he said.
Meanwhile,
Bambang Brodjonegoro, acting chief of the Finance Ministry’s fiscal policy
board, said current global economic conditions had the potential to prove worse
than the 2008 financial crisis that engulfed much of the world.
According
to him, the current global crisis did not directly affect Indonesia but its
trading partners.
“The
current crisis may deal a heavier blow compared with 2008, although Indonesia
and other emerging countries have better economic conditions than developed
nations,” he said.
He said the
government was still studying the plan for a stimulus package, and that any
further details had yet to be decided.
Antara
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