The country`s economic growth now relies only on the domestic consumption and investment, head of the fiscal policy agency of the finance ministry Bambang Brodjonegoro said.
Indonesia has lost support from exports to push up its economic growth, he said here on Tuesday night.
"Exports are sharply weakening, while imports are growing rapidly," he said.
He said if Indonesia could meet its target in the fourth quarter, the country`s economic growth this would reach 6.3 percent this year.
Earlier Finance Minister Agus Martowardojo said he was optimistic that the country`s economic growth would reach 6.3 percent this year, though the figure is still lower than the target of 6.5 percent set in the 2012 state budget.
Agus predicted that the annual growth would be lower than 6.3 percent if the growth in the fourth quarter was below the target range of 5.9 percent-6.3 percent.
The World Bank has predicted the country`s Gross Domestic Product would grow only by 6.1 percent this year on weak global demand.
The World Bank warned the government to improve efficiency in energy subsidy to prevent it from burdening the state budget.
It warned against global uncertainties and to remain consistent in maintaining reform ahead of the general election in 2014.
(H-ASG/O001)
Editor: Jafar M Sidik
Copyright © ANTARA 2012
