Indonesia set to raise state budget for 2010
Indonesian President Susilo Bambang
Yudhoyono has announced a draft budget for 2010, which earmarks 33 billion USD for ministries and agencies.
Indonesian President Susilo Bambang
Yudhoyono has announced a draft budget for 2010, which earmarks 327.6
trillion rupiah (33 billion USD) for ministries and agencies, up 10.6
trillion rupiah compared to this year.
Of the sum, 51.8 trillion rupiah (around 5.2 billion USD), is put aside for the education sector, according to the draft budget, which was presented by the president at an extraordinary plenary session of the lower house (DPR) on August 2.
The Ministry of Defence is expected to receive 40.7 trillion rupiah (4.1 billion USD, while the Ministry of Public Works will be allocated 34.3 trillion rupiah (3.46 billion USD), and the National Police, 25.8 trillion rupiah (2.6 billion USD).
President Yudhoyono, who was re-elected to a second five-year term last month, said the government will spend some 61.2 trillion rupiah (6.1 billion USDs) to boost the economy next year, slightly less than the 70 trillion allocated this year.
The government will also provide a total sum of 309.8 trillion rupiah (31.2 billion USD) for the country’s provinces and cities.
The Indonesian government has predicted an economic growth rate of 4.0-4.5 percent this year, third only to China and India in the G20 club of wealthy and developing countries.
Indonesia expects the further stimulus spending to help it achieve a 5 percent growth in 2010, when the global economy is forecast to bounce back.
As of the end of July, inflation in Indonesia remained at 2.71 percent – the lowest since 2000./.
Of the sum, 51.8 trillion rupiah (around 5.2 billion USD), is put aside for the education sector, according to the draft budget, which was presented by the president at an extraordinary plenary session of the lower house (DPR) on August 2.
The Ministry of Defence is expected to receive 40.7 trillion rupiah (4.1 billion USD, while the Ministry of Public Works will be allocated 34.3 trillion rupiah (3.46 billion USD), and the National Police, 25.8 trillion rupiah (2.6 billion USD).
President Yudhoyono, who was re-elected to a second five-year term last month, said the government will spend some 61.2 trillion rupiah (6.1 billion USDs) to boost the economy next year, slightly less than the 70 trillion allocated this year.
The government will also provide a total sum of 309.8 trillion rupiah (31.2 billion USD) for the country’s provinces and cities.
The Indonesian government has predicted an economic growth rate of 4.0-4.5 percent this year, third only to China and India in the G20 club of wealthy and developing countries.
Indonesia expects the further stimulus spending to help it achieve a 5 percent growth in 2010, when the global economy is forecast to bounce back.
As of the end of July, inflation in Indonesia remained at 2.71 percent – the lowest since 2000./.
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