VIVAnews - It is figured that the growth of Indonesian economy up until late 2009 will be below four percent. The assumed growth of between four and five percent that the government set earlier was prepared when the global economic growth was at 2.2 percent.
"Given the global economic growth of between minus 0.5 percent and minus 1.5 percent, the Indonesia's growth may be lower than four percent," said an adviser of Finance Minister, M Chatib Basri, on Thursday, March 19.
According to Basri, although the government has disbursed fiscal stimulus by Rp 73.3 trillion (US$6.1 billion) or 1.4 percent of the GDP. 4.5 percent in economic growth may be achieved if consumption rate touches five percent and the government's consumption reaches 12 percent. "Therefore, it should be considered whether or not the stimulus is needed," he said.
The discussion on the second-phase stimulus adding will be carried out after the first-semester report is prepared. The aim of the stimulus is to improve the economy instantly and temporarily. Should the economic growth continue decrease, the economic stimulus would be disbursed.
In the G-20 meeting, it is predicted that the economy will touch the lowest point on the second quarter of 2010.
Indonesia will keep boosting consumption because it reaches 65 percent of the economic sector. Meanwhile, exports are only 29 percent.
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Translated by: Bonardo Maulana Wahono
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