Indonesia boosts domestic consumption demand
The Indonesian Government is striving to boost domestic consumption to sustain its economic growth rate at over 6 percent.
The Indonesian Government is striving to boost domestic consumption to sustain its economic growth rate at over 6 percent.
Finance Minister Chatib Basri said on August 14 that the Government will implement several measures to increase the purchasing power in order to achieve a GDP growth rate of 6.3 percent this year.
According to Statistics Indonesia (BPS), the national economy grew 5.81 percent in the second quarter and its first half growth rate was 5.92 percent, a far cry from the set target.
In a related move, Coordinating Economic Minister Hatta Rajasa confirmed that his ministry will work with the Finance Ministry in a plan to adjust salary and cut tax to boost the country’s purchasing power.
Furthermore, the government will review its consumption policies and expand the export market to improve its trade deficit, he said.
The two Ministers have, however, admitted that the growth rate target of 6.3 percent for this year is a very difficult task for the Indonesian government in the present situation.-VNA
Finance Minister Chatib Basri said on August 14 that the Government will implement several measures to increase the purchasing power in order to achieve a GDP growth rate of 6.3 percent this year.
According to Statistics Indonesia (BPS), the national economy grew 5.81 percent in the second quarter and its first half growth rate was 5.92 percent, a far cry from the set target.
In a related move, Coordinating Economic Minister Hatta Rajasa confirmed that his ministry will work with the Finance Ministry in a plan to adjust salary and cut tax to boost the country’s purchasing power.
Furthermore, the government will review its consumption policies and expand the export market to improve its trade deficit, he said.
The two Ministers have, however, admitted that the growth rate target of 6.3 percent for this year is a very difficult task for the Indonesian government in the present situation.-VNA
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