Finance Minister Warns Government Over Slumping Investment
TEMPO Interactive, Jakarta: Finance Department told lawmakers on Monday that the government should raise its concern and alert over the latest investment data released by the State Statistics Agency. In a hearing at the parliament's office on Monday, Finance Minister Sri Mulyani said actual investments figures in the second quarter this year had missed the projections by more than 2 percent.
The Statistics Agency have reported that the investment growth in the second quarter this year was only 2.7 percent, down from the 3.4 percent in the first quarter while the government was targeting around 5 percent for the second quarter.
“Inflation has been quite low, key interest rate has been cut, capital market confidence has recovered. But investment was not getting better, this should be observed carefully, Sri told the Finance and Banking Commission of the house.
Sri said the facts will put a leash on government next target for investment predicting growth in the secong half this year would recover but not as fast as projected earlier. The governemnt had set a target for investments growth for 2009 at 7.7 percent and economic growth at 4.3 percent.
AGOENG WIJAYA
The Statistics Agency have reported that the investment growth in the second quarter this year was only 2.7 percent, down from the 3.4 percent in the first quarter while the government was targeting around 5 percent for the second quarter.
“Inflation has been quite low, key interest rate has been cut, capital market confidence has recovered. But investment was not getting better, this should be observed carefully, Sri told the Finance and Banking Commission of the house.
Sri said the facts will put a leash on government next target for investment predicting growth in the secong half this year would recover but not as fast as projected earlier. The governemnt had set a target for investments growth for 2009 at 7.7 percent and economic growth at 4.3 percent.
AGOENG WIJAYA