JAKARTA — Indonesia’s central bank surprised most economists on Tuesday by lowering interest rates, reflecting its relative comfort with the currency and inflation outlook. The benchmark rate was cut by a quarter point to 4.5%, with all but six of the 28 economists surveyed by Bloomberg having predicted it would stay on hold. Bank Indonesia […]
Read MoreTEMPO.CO, Jakarta – Finance Ministry Sri Mulyani said that the government is aiming for 6.3 percent investment growth in a bid to achieve the economic growth target of 5.4 percent set in the draft 2018 state budget (RAPBN). “We assume that bank loans will grow considerably. Having seen the realization up to mid-year, it must be stepped up,” Sri said in her office yesterday. According to Sri, bank loan growth will be highly affected by the […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution revealed that the foreign investments for the national development will increase in 2018. “[National development projects] will not only be funded by the State Budget, the role of the private sector will increase,” said Minister Darmin Nasution on Thursday, August 17. According to him, the government has prepared a number of […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) Governor Agus Martowardojo positively welcomed the inflation assumption set at 3.5 percent in the 2018 State Budget Draft (RAPBN). Agus said that the assumption reflects the government and BI’s commitment to realizing low and stable inflation rate. “I also think that the other assumptions are good and will lead to a healthy posture,” […]
Read MoreTEMPO.CO, Jakarta – The government is targeting Rp1,878.4 trillion in state revenue or an 8.2 increase in the draft 2018 state budget (RAPBN). Finance Minister Sri Mulyani said that out of the Rp1,878.4 trillion, tax revenue target is set at Rp1,609.4 trillion and non-tax revenue at Rp267.9 trillion. “It’s more moderate than the projected tax revenue growth for this […]
Read MoreTEMPO.CO, Jakarta – In his speech at the House of Representatives Plenary Meeting, President Joko Widodo or Jokowi assured that the government is always cautious regarding debts used for Indonesia’s development. “The debt-to-GDP ratio remains under 30 percent and the State Budget deficit is under 3 percent,” said the President on Wednesday, August 16. Jokowi argues that […]
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