"We will continue to set up policies to encourage investment, so that capital inflow and domestic investment can also increase," Finance Minister Sri Mulyani stated here on Friday.
The rupiah exchange rate was observed to strengthen in a relatively fast period of time. Over the past two weeks, the rupiah had moved from the level of Rp15,200 to the range of Rp14,600 per US dollar.
Bank Indonesia recorded foreign capital flow of Rp19.9 trillion (some US$1.3 billion) on November 1-9, 2018, one of which was due to the strengthening rupiah exchange rate.
Mulyani stated that the government remains committed to managing the current account deficit (CAD). The CAD occurs when the imports of goods and services are greater than exports, causing the foreign exchange supply to be deficit.
During the first semester of 2018, the CAD had reached $13.7 billion, comprising $5.7 billion in the first quarter of 2018 and $8 billion in the second quarter of 2018.
"We will continue to focus on maintaining the CAD, as it can influence public perceptions regarding the Indonesian economy," she added.
Moreover, stability in economic growth is considered. The minister of finance stated that the momentum of positive economic growth will be maintained to support job creation and poverty reduction.
Reporting by Calvin Basuki
Editing by Bustanudin
Reporter: Antara
Editor: Eliswan Azly
Copyright © ANTARA 2018
