ID :
87806
Wed, 11/04/2009 - 10:21
Auther :
Shortlink :
https://www.oananews.org//node/87806
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IMF PROJECTION OF RI ECONOMIC GROWTH 'VERY LOW' : MINISTER
Jakarta, Nov 3 (ANTARA) - Finance Minister Sri Mulyani Indrawati expressed the view here on Tuesday that the International Monetary Fund (IMF)`s projection of 4.8 percent for Indonesia`s economic growth in 2010 was "very low."
"IMF`s prediction is very low but then the fund can sometimes make a mistake," Sri Mulyani said after attending a meeting with a number of cabinet ministers at the Finance Ministry`s main building on Lapangan Banteng street here on Tuesday.
Sri Mulyani on the occasion pointed out that IMF`s projection of Indonesia`s economic growth in the first semester of 2009 was 2.5 percent but in reality it had reached 4.1 percent.
Indonesia`s overall economic growth in 2009, according to IMF`s projection, would reach 4.0 percent but according to the government`s projection it would be 4.3 percent.
"Our economic growth target for this year remains 4.3 percent, and next year, in accordance with the 2010 state budget, it should be 5.5 percent," the finance minister said.
IMF had earlier projected Indonesia`s gross domestic product (GDP) in 2010 could reach 4.8 percent, and the country would be able to come out of the global recession.
"It is proven from a positive GDP growth in 2009 and later in 2010 it is expected to reach 4.0 to 4.8 percent," IMF senior representative for Indonesia Milan Zavadjil said.
Zavadjil said IMF`s prediction for Indonesia`s economic growth was that it would reach 4.0 percent by the end of this year because it was supported by development in the export sector.
He said the positive economic growth was in line with global economic growth which has started to pick up after the global crisis.
To maintain Indonesia`s economic growth in accordance with the projection, IMF advised the government to go ahead with monetary and fiscal stimulus programs while continuing domestic spending until the economy had fully recovered.
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"IMF`s prediction is very low but then the fund can sometimes make a mistake," Sri Mulyani said after attending a meeting with a number of cabinet ministers at the Finance Ministry`s main building on Lapangan Banteng street here on Tuesday.
Sri Mulyani on the occasion pointed out that IMF`s projection of Indonesia`s economic growth in the first semester of 2009 was 2.5 percent but in reality it had reached 4.1 percent.
Indonesia`s overall economic growth in 2009, according to IMF`s projection, would reach 4.0 percent but according to the government`s projection it would be 4.3 percent.
"Our economic growth target for this year remains 4.3 percent, and next year, in accordance with the 2010 state budget, it should be 5.5 percent," the finance minister said.
IMF had earlier projected Indonesia`s gross domestic product (GDP) in 2010 could reach 4.8 percent, and the country would be able to come out of the global recession.
"It is proven from a positive GDP growth in 2009 and later in 2010 it is expected to reach 4.0 to 4.8 percent," IMF senior representative for Indonesia Milan Zavadjil said.
Zavadjil said IMF`s prediction for Indonesia`s economic growth was that it would reach 4.0 percent by the end of this year because it was supported by development in the export sector.
He said the positive economic growth was in line with global economic growth which has started to pick up after the global crisis.
To maintain Indonesia`s economic growth in accordance with the projection, IMF advised the government to go ahead with monetary and fiscal stimulus programs while continuing domestic spending until the economy had fully recovered.
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