Tuesday, February 12, 2008

Outlook :: ID Gov's on 2008 Economic Condition

Kontan, 12 February 2008

Though most of official's pencil-paper calculation shows that 2008 is going to be a rough ride, government still shows confidence thus setting target for economic growth to be higher
than it was on the previous year.

Ministry of Finance and Central Bank setting target of 6,2-6,7% a year, while Bappenas (Beurau for National Planning) set an eye on 6,3%. Growth was based on government spending, therefore the punctuality is the key issue here (referring to previous year lag on government spending).

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