The Indonesian government will give priority to inflation control with a view to stabilising the economy and maintaining purchasing power, a major driving force for the country’s economy besides investment attraction, according to Minister of Economic Coordination Hatta Rajasa.
In its budgetary plan in 2014, the government targets an inflation rate of 4.5-5.5 percent. Meanwhile, public spending will be increased by 6.7 percent to around 206 trillion Rupiah (nearly 17 billion USD) in 2014, mostly for infrastructure sector.
The minister said keeping inflation under control is one of the steps to be taken by the government to prevent external threats and maintain purchasing power of the people.
Another step is to strengthen domestic trade to keep price stability, improve flows of goods and create healthy business climate, he said.
T he government will also control imports of goods which potentially could hurt the domestic industry, he added.
According to the national statistics office, last year, the country posted an economic growth of 5.78 percent and an inflation rate of 8.38 percent.
The poverty rate dropped to 11.7 percent and unemployment rate fell to 6.25 percent. Meanwhile, the GDP per capita reached 36.5 million rupiah (3,499 USD), up 8.88 percent against 2012.-VNA
In its budgetary plan in 2014, the government targets an inflation rate of 4.5-5.5 percent. Meanwhile, public spending will be increased by 6.7 percent to around 206 trillion Rupiah (nearly 17 billion USD) in 2014, mostly for infrastructure sector.
The minister said keeping inflation under control is one of the steps to be taken by the government to prevent external threats and maintain purchasing power of the people.
Another step is to strengthen domestic trade to keep price stability, improve flows of goods and create healthy business climate, he said.
T he government will also control imports of goods which potentially could hurt the domestic industry, he added.
According to the national statistics office, last year, the country posted an economic growth of 5.78 percent and an inflation rate of 8.38 percent.
The poverty rate dropped to 11.7 percent and unemployment rate fell to 6.25 percent. Meanwhile, the GDP per capita reached 36.5 million rupiah (3,499 USD), up 8.88 percent against 2012.-VNA
