ID :
38793
Sun, 01/04/2009 - 21:44
Auther :
Shortlink :
https://www.oananews.org//node/38793
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GOVT PREPARING RP50 TRILLION TO STIMULATE GROWTH
Jakarta, Jan 4 (ANTARA) - President Susilo Bambang Yudhoyono has said that the government is allocating Rp50 trillion in stimulus to generate economic growth and anticipate the impact of global economic crisis in 2009.
Speaking to a press conference on the sidelines of his visit to Ragunan Zoo here on Sunday, the president said that Rp38 trillion of the stimulus fund came from the 2008 unspent budget and Rp12 trillion from the 2009 state budget's reserved funds.
"The Rp38 trillion plus Rp12 trillion from the reserved funds is very useful for stimulating economic growth and overcoming the impact of the world economic crisis," the president said.
He said that in anticipation of the global economic crisis which was expected to peak in 2009, the government was formulating various economic growth stimuli in order to guarantee the development of the real sector.
Previously, the head of state said that the government would always adjust its economic stimulus package to the state's financial capability so that it would not pose a new burden in the future.
He said that the 2008 unspent budget of Rp38 trillion which would be used for stimulating economic growth in 2009 was obtained not because of failure to absorb the 2008 budget but because of increase in state revenues.
The president said that state revenues in 2008 increased to a level which was 10 percent over the tax payment target.
Therefore, the president expressed his satisfaction over the 2008 state budget performance.
Yudhoyono said that about 99.6 percent of the 2008 state budget were spent so that there was a difference of Rp4 trillion between state revenues amounting to Rp981 trillion and expenditures valued at Rp985 trillion.
Thus, the 2008 budget deficit became smaller, namely 0.1 percent of the Gross Domestic Product (GDP), than the targeted 2.1 percent of the GDP.
The president said that the 2008 state budget performance, as it was reported by the finance minister on January 1, 2009, would be used by the government as an indicator to measure its preparedness to face the 2009 global financial crisis.
Speaking to a press conference on the sidelines of his visit to Ragunan Zoo here on Sunday, the president said that Rp38 trillion of the stimulus fund came from the 2008 unspent budget and Rp12 trillion from the 2009 state budget's reserved funds.
"The Rp38 trillion plus Rp12 trillion from the reserved funds is very useful for stimulating economic growth and overcoming the impact of the world economic crisis," the president said.
He said that in anticipation of the global economic crisis which was expected to peak in 2009, the government was formulating various economic growth stimuli in order to guarantee the development of the real sector.
Previously, the head of state said that the government would always adjust its economic stimulus package to the state's financial capability so that it would not pose a new burden in the future.
He said that the 2008 unspent budget of Rp38 trillion which would be used for stimulating economic growth in 2009 was obtained not because of failure to absorb the 2008 budget but because of increase in state revenues.
The president said that state revenues in 2008 increased to a level which was 10 percent over the tax payment target.
Therefore, the president expressed his satisfaction over the 2008 state budget performance.
Yudhoyono said that about 99.6 percent of the 2008 state budget were spent so that there was a difference of Rp4 trillion between state revenues amounting to Rp981 trillion and expenditures valued at Rp985 trillion.
Thus, the 2008 budget deficit became smaller, namely 0.1 percent of the Gross Domestic Product (GDP), than the targeted 2.1 percent of the GDP.
The president said that the 2008 state budget performance, as it was reported by the finance minister on January 1, 2009, would be used by the government as an indicator to measure its preparedness to face the 2009 global financial crisis.
