ID :
76869
Tue, 08/25/2009 - 17:10
Auther :
Shortlink :
https://www.oananews.org//node/76869
The shortlink copeid
ECONOMIST WELCOMES GOVT-HOUSE AGREEMENT ON 2010 GROWTH TARGET
Jakarta, Aug 25 (ANTARA) - A BNI Bank economist, Tony A Prasetyantono, has welcomed the agreement reached by the government and the House of Representatives (DPR) to set the economic growth target for 2010 at 5.5 percent.
The figure is higher than the 5 percent earlier fixed by the government.
"I fully support the newly agreed target. The earlier figure suggested by the government, 5 percent, showed the government has no vision, no ambition. It could be achieved without much effort," he said.
Tony said the 5,5 percent growth rate could be achieved by pushing investment. Since national banks' interest rates had decreased significantly, he said, banks could now be more expansive in distributing credits. Therefore, bank credits could grow by up to 15 percent.
The economist also said the government needed to develop other sectors such as infrastructure, manufacturing and agriculture followed by efforts to maximize absorption of the work force.
"Recent conditions showed that the dominant growth sectors are communication and transportation which are known being less able to absorb new employees," he said.
Tony also said the future economic growth rate as stated by President Susilo Bambang Yudhoyono was too conservative. The target of seven percent economic growth which is planned to be achieved by year 2014, he said, did not reflect the government's will to push the national economy.
"The seven percent economic growth target should be reached earlier, namely by year 2012. The government should have higher target for 2014, say, eight percent minimally" he said. ***
The figure is higher than the 5 percent earlier fixed by the government.
"I fully support the newly agreed target. The earlier figure suggested by the government, 5 percent, showed the government has no vision, no ambition. It could be achieved without much effort," he said.
Tony said the 5,5 percent growth rate could be achieved by pushing investment. Since national banks' interest rates had decreased significantly, he said, banks could now be more expansive in distributing credits. Therefore, bank credits could grow by up to 15 percent.
The economist also said the government needed to develop other sectors such as infrastructure, manufacturing and agriculture followed by efforts to maximize absorption of the work force.
"Recent conditions showed that the dominant growth sectors are communication and transportation which are known being less able to absorb new employees," he said.
Tony also said the future economic growth rate as stated by President Susilo Bambang Yudhoyono was too conservative. The target of seven percent economic growth which is planned to be achieved by year 2014, he said, did not reflect the government's will to push the national economy.
"The seven percent economic growth target should be reached earlier, namely by year 2012. The government should have higher target for 2014, say, eight percent minimally" he said. ***
