Government would focus on its master plan for expansion and acceleration of Indonesia`s economic development (MP3EI) and on boosting infrastructure development.Jakarta (ANTARA News) - Finance Minister Agus Martowardojo said the government was determined to continue maintaining the country`s 2012 economic growth target at 6.7 percent although the world was predicted to undergo weak growth.
"We will do our best to achieve an economic growth rate of 6.7 percent," the minister said at his ministry here on Wednesday.
He said the government would focus on its master plan for expansion and acceleration of Indonesia`s economic development (MP3EI) and on boosting infrastructure development.
"We need to make a great effort. Now we are focusing on the MP3EI program and have a law on land clearance so that we hope we can achieve our goals in the infrastructure sector," the minister said.
Besides that the government would also continue to pay attention to development of domestic consumption and the investment climate.
"We have to pay attention to sectors where so far we are still strong namely domestic consumption and investment," the minister said.
The International Monetary Funds (IMF) revised downward its estimate of the world`s economic growth on Tuesday, saying that the slowdown in the problematic euro zones could threaten global economic recovery.
With the increasing risk in world growth and financial system as a result of contractions in most European countries, the IMF called on the government to avoid being plunged into a fiscal emergency situation in order to prevent excessive cuts in expenditures that could worsen the condition.
In its latest economic growth prediction, the IMF revised down its global estimate to 3.3 percent from 4.0 percent, saying that growth in 17 main euro zone countries would decline by 0.5 percent this year.
Global growth could rise to 3.9 percent in 2013 if market panic about euro zone weaknesses could be avoided.(*)
Editor: Heru Purwanto
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