The government had always taken into account latest developments in the indicators of global and domestic economic performances as well as challenges to the domestic economy in 2012, Finance Minister Agus Martowardojo said in his address to a House of Representatives (DPR) plenary meeting here on Wednesday.
While delivering the government`s reply to House factions` general views on the bill on 2012 state budget and its financial notes, the finance minister said the risks of global economic developments in 2012 would among others come from the fiscal and debt crisis affecting the United States and a number of European countries.
The fiscal and debt crisis could threaten the global economic recovery, he said.
In addition, the increase in the global prices of crude oil and food commodities and a sudden reversal of short-term funds would also pose a challenge to the domestic economy, he said.(*)
SDP-06/HAJM/S012
Editor: Jafar M Sidik
Copyright © ANTARA 2011
