Kadin: The Government Is Too Ambitious to Set Economic Growth at 5.8 Percent in 2018

By : Ridwan And Aldi Firhand. A | Monday, May 21 2018 - 21:50 IWST

Ketua Umum Kadin Indonesia Rosan P. Roeslani (Foto Ist)
Ketua Umum Kadin Indonesia Rosan P. Roeslani (Foto Ist)

INDUSTRY.co.id - Jakarta, Chamber of Commerce and Industry (Kadin) Indonesia assesses the assumption of economic growth for next year which is set at 5.4% -5.8% by the Government is too ambitious.

Chairman of Kadin, Rosan P. Roeslani said that the government's optimism is feasible to appreciate even though it only projected economic growth in 2019 at a maximum of 5.3%.

"Yes, because our growth is historically high fitting high commodity prices, right? Well now, if seen commodity prices already high enough but will be flat at this time until tahun2 in the future," said Rosan in Jakarta (21/5/2018).

"We still see that our domestic consumption is also like this, our exports also with the US dollar currency rise is also quite high so we see growth around 5.3%," added Rosan.

He said, to achieve these ambitious targets, the government needs to take sufficient steps, such as relaxation policy to boost purchasing power.

Rosan pointed out, Mahathir Muhammad who had just been elected as Prime Minister of Malaysia immediately took the exemption of Value Added Tax (VAT) to encourage purchasing power.

"We do not ask like that, but maybe in the period of time given incentives, purchasing power can increase again, our growth is helped because domestic consumption goes up, so that's what we expect," said Kadin Chairman.

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