Jakarta (ANTARA News) - Realized domestic and foreign investments in 2007 amounted to Rp135 trillion, exceeding the previous projection of Rp114 trillion, a finance ministry official said.
"The realization of investments in 2007 was higher than those in the four previous years. The figure was the highest since 2000," Anggito Abimanyu, head of fiscal policy affairs at the finance ministry said here on Friday.
Anggito said the ratio between investments approved and investments realized continued to increase where in 2007 realized investments reached 70 percent.
Most of the realized investments in 2007 were investment schemes approved in 2005. "The investments were approved in 2005 and their realization was accelerated and carried out in 2007," he said.
On investment realization in 2008, Anggito said in 2006, investment realization was Rp150 trillion so that in 2008 it was expected to increase.
He said investment by the government and state enterprises (BUMN) had not yet shown an encouraging development. Many investment schemes were late and not fully implemented.
Anggito said investment realization in 2007 contributed to economic growth which stood at 6.32 percent according to the Central Bureau of Statistics (BPS). The figure is higher than the projection of 6.3 percent for 2007.(*)