"The government is going to apply the `keep buying` strategy in a bid to boost economic growth," Finance Minister Chatib Basri stated.Jakarta (ANTARA News) - The government will soon implement the "keep buying" strategy to achieve its target of national economic growth between 6.4 percent and 6.9 percent, as per the 2014 state budget draft, according to a minister.
"The government is going to apply the `keep buying` strategy in a bid to boost economic growth," Finance Minister Chatib Basri stated here on Monday.
Noting that household consumption accounted for 55 percent of the nation`s gross domestic product, he said there were two ways to increase household consumption`by controlling inflation and by maintaining people`s purchasing power.
The `keep buying` strategy, the minister continued, will help control industrial production output and generate employment.
"The strategy will be in line with sustainable development. Therefore, we will offer tax incentives to associations and industries which do not lay off their workers. I am exploring the kind of incentives that could be more effective, minimize lay-offs, and help in boosting consumption," the finance minister said.
Chatib also expressed optimism that inflation will be under control in October and people`s purchasing power will increase as a result.(*)
Editor: Heru Purwanto
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