Government Confident Economic Growth 5.4 Percent Achieved
By : Herry Barus And Aldo Bella Putra | Monday, September 11 2017 - 22:00 IWST

Menteri Keuangan Sri Mulyani Indrawati
INDUSTRY.co.id - Jakarta- The government still believes that the target of economic growth of 5.4 percent in the RAPBN 2018 can be achieved despite next year still faced various global and domestic economic challenges.
This was conveyed by Finance Minister Sri Mulyani during a working meeting on the draft of the 2018 RAPBN in Commission XI in Jakarta on Monday (12/09/2017) in which members asked the government's ability to achieve the 2018 economic growth target.
"We still consider that 5.4 percent is still 'reachable' or achievable, but it is extra hard effort," she said.
Sri Mulyani said, to achieve the target of economic growth of 5.4 percent, then consumption should grow above 5 percent. In 2018, consumption is targeted to grow 5.1 percent.
Meanwhile, in terms of gross fixed capital formation (PMTB) or own investment is targeted to grow 6.3 percent next year.
According to the Finance Minister, the biggest challenge in 2018 is the credit growth of the banking industry, which must grow strong enough to sustain domestic economic growth.
For this year alone, bank credits must increase by Rp370 trillion compared to last year to achieve 5.2 percent economic growth. As for the next year, bank credit should increase Rp483 trillion to reach 5.4 percent.
"From the banking side, investment credit should grow higher, from 11-13 percent this year to 13-15 percent next year," she said as quoted by Antara.
In addition, Sri Mulyani also expects optimum spending from SOEs to achieve the target of 5.2 percent. From the capital market, he also hopes that the contribution from the investment side reaches Rp855 trillion. As for foreign investment (PMA) and domestic investment (PMDN) is expected to reach Rp799 trillion.
Read Also
Coface China Corporate Payment Survey : Increasing Risks In Supply…
Middle East Companies With an ASEAN Focus Upbeat About Business Growth…
Yield Guild Game’s First SubDAO YGG SEA Raises US$15M in Private…
EU-Indonesia CEPA Roadshow – East Kalimantan Discuss Trade and…
Saratoga Investment Portfolio Enjoys Encouraging Growth, Books IDR…
Today's Industry

Selasa, 17 Mei 2022 - 14:00 WIB
NORD DRIVESYSTEMS at LogiMAT in Stuttgart From 31st May to 2nd June 2022 NORD will present innovative drive solutions for intralogistics
The specialist LogiMAT exhibition in Stuttgart offers as comprehensive overview of the intralogistics and process management market. As one of the market leaders for drive technology, NORD presents…

Selasa, 17 Mei 2022 - 13:00 WIB
President Jokowi Invites US CEOs to Boost Cooperation with Indonesia
President Joko “Jokowi” Widodo has invited company CEOs in the United States to boost cooperation with ASEAN countries, particularly Indonesia.

Selasa, 17 Mei 2022 - 12:28 WIB
President Jokowi, ASEAN Leaders Attend Dinner Hosted by US President
President Joko “Jokowi” Widodo Thursday (05/12) attended a dinner with the leaders of ASEAN countries hosted by President of the United States Joe Biden at the White House, Washington D.C.

Selasa, 17 Mei 2022 - 11:23 WIB
TPE unleashes benefits for pet accessories
The pet care market is rapidly expanding as pet ownership increases, as does spending on pet food, grooming tools, and accessories. Pet owners are significantly concerned about the prevalence…

Jumat, 13 Mei 2022 - 16:15 WIB
Robocash Group reached 2 BN USD of disbursement and issued audited financial report of 2021
Robocash Group publishes the audited combined financial statements for the year ended 31 December 2021. The Group reached an all-time high 2 BN USD of issued financing and is expected to increase…
News Comment