{
    "success": true,
    "data": {
        "id": 1112133,
        "msgid": "government-targets-below-5-growth-in-2002-1447893297",
        "date": "2001-08-31 00:00:00",
        "title": "Government targets below 5% growth in 2002",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Government targets below 5% growth in 2002 JAKARTA (JP): Coordinating Minister for the Economy Dorodjatun Kuntjoro-Jakti said on Thursday that the government was targeting gross domestic product (GDP) growth of just below 5 percent in the next fiscal year. \"In discussing the assumption of the state budget, we estimate it will be difficult to achieve economic growth above 5 percent next year,\" Dorodjatun said after a Cabinet meeting. This year's growth is targeted at 3.5 percent.",
        "content": "<p>Government targets below 5% growth in 2002<\/p>\n<p>JAKARTA (JP): Coordinating Minister for the Economy Dorodjatun<br>\nKuntjoro-Jakti said on Thursday that the government was targeting<br>\ngross domestic product (GDP) growth of just below 5 percent in<br>\nthe next fiscal year.<\/p>\n<p>\"In discussing the assumption of the state budget, we estimate<br>\nit will be difficult to achieve economic growth above 5 percent<br>\nnext year,\" Dorodjatun said after a Cabinet meeting.<\/p>\n<p>This year's growth is targeted at 3.5 percent.<\/p>\n<p>He said the government wanted to achieve higher economic<br>\ngrowth so that it could create more job opportunities and revive<br>\ninvestor confidence in the country's economy.<\/p>\n<p>Dorodjatun said Indonesia had to also improve its credit<br>\nrating from non-investment grade (ccc+) to investment grade<br>\n(bbb+) if it wanted to draw more foreign investment.<\/p>\n<p>\"Hopefully, we can improve the rating within the next three to<br>\nsix months,\" said Dorodjatun, who was accompanied by Coordinating<br>\nMinister for Peoples' Welfare Jusuf Kalla and Minister of Foreign<br>\nAffairs Hassan Wirayuda.<\/p>\n<p>Dorodjatun said the government would do its best to control<br>\nthe inflation rate. \"Ideally, it (the inflation rate) should be<br>\nbelow 10 percent.\"<\/p>\n<p>Inflation is currently sitting at 13 percent year-on-year.<\/p>\n<p>Dorodjatun said the Cabinet meeting also discussed possible<br>\nways on how the budget could allow the government to adjust<br>\nfiscal and monetary policies.<\/p>\n<p>The government, according to Dorodjatun, would continue<br>\nworking to cut the country's budget deficit in order to reduce<br>\nits dependency on sovereign loans.<\/p>\n<p>Separately, Minister of Finance Boediono said on Thursday that<br>\nthe government was considering a stronger rupiah exchange rate of<br>\nbetween Rp 8,000 and Rp 9,000 to the U.S. dollar for the 2002<br>\nbudget, compared to Rp 9,600 set for the 2001 budget.<\/p>\n<p>The government is scheduled to present economic assumptions<br>\nfor the 2002 state budget in early September. (dja\/03)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/government-targets-below-5-growth-in-2002-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}