Exports, investments remain key driving force for 2008 economic growth
Jakarta, (ANTARA News) - Exports and investments will remain the key driving force of Indonesia`s economic growth this year, a National Development Planning Agency (Bappenas) official said.
"Thus, it is important to maintain the community`s and business world`s confidence in the national economy. The government needs to ensure that the momentum of economic growth, including macro economic stability will be well managed," the agency`s macro planning director, Bambang Prijambodo, said on Wednesday.
The Finance Ministry has revised downward the country`s economic growth target for this year to 6.0 percent from 6.4 percent set in the revised 2008 state budget.
He said the government was striving to slash the number of activities that led to the current high cost economy so that the recent increase in fuel oil prices would not add to the companies` production cost.
"The move will also maintain the Indonesian products` competitive edge," he said.
The government must be able to maintain the performance of non-oil/non-gas exports which grew 22.4 percent in the first four months of 2008 so that exports would contribute 15 percent to the national economic growth this year.
"Investments grew by 13.3 percent in the first quarter of this year," he said.(*)
"Thus, it is important to maintain the community`s and business world`s confidence in the national economy. The government needs to ensure that the momentum of economic growth, including macro economic stability will be well managed," the agency`s macro planning director, Bambang Prijambodo, said on Wednesday.
The Finance Ministry has revised downward the country`s economic growth target for this year to 6.0 percent from 6.4 percent set in the revised 2008 state budget.
He said the government was striving to slash the number of activities that led to the current high cost economy so that the recent increase in fuel oil prices would not add to the companies` production cost.
"The move will also maintain the Indonesian products` competitive edge," he said.
The government must be able to maintain the performance of non-oil/non-gas exports which grew 22.4 percent in the first four months of 2008 so that exports would contribute 15 percent to the national economic growth this year.
"Investments grew by 13.3 percent in the first quarter of this year," he said.(*)