Indonesian finance minister reiterates govt responsiveness to growth-related issues

Indonesian finance minister reiterates govt responsiveness to growth-related issues

Bambang Soemantri Brodjonegoro. (ANTARA/Prasetyo Utomo)

The government will always respond to the actual economic developments ..."
Jakarta (ANTARA News) - Finance Minister Bambang Brodjonegoro has given the assurance that the government will always respond to actual developments related to the economic growth assumption set in the draft 2016 state budget.

"The government will always respond to the actual economic developments and accommodate various inputs during deliberations (on the draft 2016 state budget) with the DPR (House of Representatives)," he said at a plenary meeting of the DPR on Tuesday.

The plenary meeting was focused on the governments reply on the general views of factions in the DPR regarding the bill for the 2016 state budget and its financial notes.

The minister said monitoring of the actual economic conditions was necessary to ensure that economic growth assumption always reflected realistic conditions.

The government has set the economic growth target at 5.5 percent in the draft 2016 state budget. The target is in the lower limit of economic growth range of 5.5 to 6.0 percent, as agreed upon during earlier deliberations.

This assumption could still change, depending on the outcome of a working meeting between the government and the budgetary committee in the parliament as the latest economic conditions have been volatile because of global pressures.

"After all, we must stay alert for several risks, including the impact of the U.S. reference rate hike, declining commodity prices, and the trends set by Chinas economic slowdown," he stated.

Brodjonegoro added that 2016s economic growth would still be fueled by domestic demand, including strong household consumption and a significant increase in investment through infrastructure spending in the agricultural, maritime and industrial sectors.

(Reported by Satyagraha/Uu.INE/KR-BSR/A014)

Comments