These Two Things Grow Indonesia's GDP
By : Wiyanto Dan Aldo Bella Putra | Tuesday, February 06 2018 - 23:00 IWST

Standard Chartered Bank Indonesia (Foto Ist)
INDUSTRY.co.id - Jakarta - This year, the majority of regions organize the Regional Head Election (Pilkada) simultaneously. The existence of political parties became one source of economic growth.
"We believe GDP growth is driven by two factors," said Aldian Toloputra, Standard Cartered Chief Economist in Jakarta, Tuesday (6/2/2018).
The first driver, he said, fiscal spending will be expansive with a fairly conservative budget deficit target of around 2.2 percent of GDP.
"We believe that the government has room to increase spending in line with better prospects for tax revenues," he said.
Secondly, private consumption is expected to be relatively stable this year. He values that reflected the existence of employment, inflation is under control and financial stability is maintained.
"We believe private investment, both domestic and foreign will be able to increase." Indonesia's ranking also rose in an ease of doing business survey by Bank Indonesia," he said.
Read Also
UOB-HKUST IEMS Study Reveals Growing Need for Sharper Focus on Sustainability…
Global Accounting Leaders Call on Profession to Help Address Climate…
Finance Minister Sri Mulyani Indrawati said Indonesia would propose…
Minister of Finance stresses Indonesia is still very conducive to…
SNP Finance case could disturb investors' trust
Today's Industry

Sabtu, 23 Januari 2021 - 17:50 WIB
Mechatronic Systemtechnik Unveils Proprietary Calotte Loader mWL.cs
A fully automated stand-alone system for transferring wafers between cassettes and calottes, the mWL.cs provides integrated device manufacturers (IDMs) an opportunity to increase yield and improve…

Rabu, 13 Januari 2021 - 18:40 WIB
Synopsys Recognised as a Leader in Static Application Security Testing by Independent Research Firm
Synopsys receives highest score among 12 SAST providers in current offering category.

Rabu, 13 Januari 2021 - 16:00 WIB
ZASCHE Handling Rolls Out New Range of Electric Balancers
the E-Balancer is a versatile tool suited for a broad range of heavy-duty industrial applications.

Rabu, 13 Januari 2021 - 15:40 WIB
What is the Cost of Poor Software Quality in the U.S.?
And if you doubt its credibility, or that it applies to software, check out the latest report from the Consortium for Information & Software Quality (CISQ), in partnership with Synopsys, “The…

Jumat, 08 Januari 2021 - 17:35 WIB
DevSecOps: The good, the bad, and the ugly
DevSecOps is the practice of integrating security into every stage of the DevOps pipeline.
News Comment