"The government has predicted the 2013 state budget to reach Rp1,600 trillion and an extra budget of Rp12,600 trillion will be needed in 2014 to achieve economic growth rate of 7 percent," he said in a limited cabinet meeting at the Industry Ministry here.
He said the government`s contributions to the state budget were relatively small.
"The government`s contributions to the state budget reach 15 percent, and the rest comes from the private sector. The government wants state-owned companies (BUMN) to be more efficient and private companies to invest in the master plan for the acceleration and expansion of Indonesia`s economic development (MP3EI)," he said.
The Indonesian economy expanded by 6.5 percent in 2011 rising from 6.1 percent in 2010.
The Central Statistics Agency (BPS) said that Indonesia`s economy grew by 6.3 percent in the first quarter of 2012 on a year-on-year basis.
Industry Minister M.S. Hidayat said investment inflows in the country grew significantly by 120 percent in the past couple of years.
"Since 2010 there has been investment booming in which the realization of foreign and domestic investment grew by more than 100 percent. The total investment inflows since 201 reached more than Rp200 trillion," he said.
He said Indonesia now had 16,000 hectares out of 25,000 hectares of land which could be used as industrial estates.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2012
