Indonesia’s central bank forecasts growth at 5 percent in Q1
The central bank of Indonesia has predicted the country’s economic growth in the first quarter at 5 percent – the lower limit of the targeted range of 5-5.4 percent for all of 2017, according to Antara News.
Illustrative image (Source: The Business Times)Jakarta (VNA) – The central bank of Indonesia has
predicted the country’s economic growth in the first quarter at 5 percent – the
lower limit of the targeted range of 5-5.4 percent for all of 2017, according
to Antara News.
Bank Indonesia (BI) Governor Agus Martowardojo said the first-quarter national economy will still be much affected by loose contribution of the government’s spending in Q4 of 2016 due to budget cut.
The government slashed budget spending in 2016 to keep budget deficit under control. However, only budget spending on less productive activities were slashed.
BI had originally predicted the economy would grow 5.05 percent year-on-year in Q1 of 2017. But in late February, the realised fiscal spending did not push economic activities as a whole, the central bank had revised down its economic growth forecast from the targeted 5.05 percent in the first half of this year.
However, the central bank still maintains its economic growth forecast for all of this year at the targeted range of 5-5.4 percent.
The government has set this year’s economic growth target at 5.1 percent.-VNA
Bank Indonesia (BI) Governor Agus Martowardojo said the first-quarter national economy will still be much affected by loose contribution of the government’s spending in Q4 of 2016 due to budget cut.
The government slashed budget spending in 2016 to keep budget deficit under control. However, only budget spending on less productive activities were slashed.
BI had originally predicted the economy would grow 5.05 percent year-on-year in Q1 of 2017. But in late February, the realised fiscal spending did not push economic activities as a whole, the central bank had revised down its economic growth forecast from the targeted 5.05 percent in the first half of this year.
However, the central bank still maintains its economic growth forecast for all of this year at the targeted range of 5-5.4 percent.
The government has set this year’s economic growth target at 5.1 percent.-VNA
You should also see
PM urges stronger cooperation between Vietnamese, Chinese Ministries of Justice
Prime Minister Pham Minh Chinh has requested the Ministries of Justice of Vietnam and China to foster cooperation and mutual support, making them to be on a par with the height of the bilateral relations.
See more
ASEAN
Food security, climate change top ASEAN agenda during Malaysia’s chairmanship
Enhancing regional food security and tackling the pressing challenges of climate change will be key agendas defining Malaysia’s ASEAN Chairmanship in 2025, Speaker of the Dewan Rakyat (lower house) Johari Abdul told the press on April 19.
World
ASEAN foreign ministers call for end to Myanmar violence
ASEAN foreign ministers on April 19 issued a statement calling on all parties to immediately cease violence and exercise maximum restraint in the border areas of Myanmar.
World
Indonesia’s Mount Ruang continues to emit ash
After a series of eruptions earlier this week that forced thousands to evacuate, Mount Ruang in North Sulawesi, Indonesia, continued to emit ash on April 19 afternoon.
World
Thailand gives financial support to Laos for road maintenance
The Thai cabinet has approved 1.8 billion THB (about 48.8 million USD) in financial assistance for the Lao Government to maintain and improve Highway R12, shortening the travel time from Thailand’s Nakhon Phanom province, through Laos, to the Vietnamese border in central Quang Binh province.
World
Indonesia develops sustainable tourism
Indonesia has been working to realise its goal of building a quality, sustainable and environmentally friendly tourism industry.
