Tue, 05 Jan 2010
From:
Indonesian President Susilo Bambang Yudhoyono said Tuesday that the country's economic performance in 2009 was quite well at the backdrop of a crisis that rammed global economy, the Antara news agency reported.

"Thank God, with hard works and our best efforts, we were able to maintain the 2009 economic performance much better than that of other countries," President Yudhoyono was quoted as saying by the Antara news agency when distributing a List of 2010 Approved Projects (DIPA) to state ministries and regional administrations here.

The national economic growth in 2009 was estimated at above four percent, or the third highest number among the G-20 member countries, he said.

He added that inflation rate stood at 2.78 percent last year, the lowest over the past 10 years. The exchange rate of the domestic currency against the U.S. dollars was at 9,400 rupiah per one U.S. dollar, 15 percent higher than in 2008.

He also said that the country's foreign currency reserves reached its highest amount, at over 65 billion U.S. dollars.

The amended State Budget 2009 also demonstrated excellent results with deficit decreasing to 87 trillion rupiah (some 9.3 billion U.S. dollars) or 1.6 percent of the Gross Domestic Product (GDP).

That figure was much lower than the initial target set at 130 trillion rupiah (about 13.9 billion dollars), or 2.4 percent of the GDP.

"This achievement is much better than that in many other countries being affected by the global economic crisis. Many countries suffered from budget deficit increase reaching 5 to 10 percent of their GDP, and negative economic growth," the president said.

He continued to say that the state's income in 2009 reached 867 trillion rupiah (about 92.8 billion U.S. dollars), only 0.5 percent lower than the initial target.

Revenue from tax was 1.7 percent lower than the initial target, with non-tax revenue 3 percent higher than the initial target.

State expenses in 2009 reached 954 trillion rupiah (about 102.1billion dollars), 4.7 percent lower than the initial plan.

The president also said that Indonesia enjoyed a budget surplus of 38 trillion rupiah (about 4 billion dollars) by the end of 2009.

The government is expected to allocate the 2010 expense and budget funds amounting to 1,047.7 trillion rupiah (about 112 billion dollars), or 15.5 percent of the GDP.



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