Sign up | Log in



Home  >>   Daily News  >>ฺIndonesia>>Economy>>Govt, House agree to 5.1% growth assumption for 2017
NEWS UPDATES Asean Affairs     September  9,  2016  

Govt, House agree to 5.1% growth assumption for 2017

The government and House of Representatives have agreed on the economic growth assumption for 2017 at 5.1 percent, the same figure as this year after being revised.

During a hearing between the House's Commission XI overseeing finance and banking affairs, Bank Indonesia (BI), the Finance Ministry, the Central Statistics Agency (BPS) and the National Development Planning Board (Bappenas) on Wednesday, the House initially proposed a 5.05 percent growth assumption.

Meanwhile, the government proposed a 5.3 percent assumption during financial notes in August, but the ministry revised it down to 5.2 percent.

"The growth assumption of 5.05 percent will create pessimistic public perception, but I can agree with 5.1 percent," Minister Sri Mulyani Indrawati said.

Bank Indonesia Governor Agus Martowardojo said the 5.1 percent was a realistic target, as the tax amnesty income was still sluggish.  To date, income from the tax amnesty program has only reached Rp 4.7 trillion, while BI predicted it would reach Rp 21 trillion by March.

Other than the economic growth assumption, the House also wanted the government to revise up the unemployment and poverty rates. The government’s unemployment rate assumption is 5.6 percent, while poverty at 10.5 percent, but the House wants to revise them to 5.0 and 10.0 percent, respectively.

But Sri Mulyani said it would be difficult to slash both rates, as poverty had already reached “core inflation”, and financial, education and health plans should be introduced.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below

Today's  Stories                          September 9, 2016 Subsribe Now !
• Thailand drops quotas on flights to Cambodia Subcribe: Asean Affairs Global Magazine
• ASEAN to focus on radicalism
• HDB resale prices down 0.7% in August: SRX Property 
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Govt, House agree to 5.1% growth assumption for 2017
• Japan loans Viet Nam US$108.2 m
Asean Analysis                  September 2, 2016
• Asean Analysis  September 2, 2016
Cementing a New Normal in U.S.-Myanmar Relations
Advertise Your Brand

Asean Stock Watch   September  8 , 2016

• Asean Stock Watch-September 8, 2016
The Biweekly Update
• The Biweekly Update  September 2, 2016

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan


This year in Thailand-what next?

AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More


Indonesia  to launch 13th economic package this month

Coordinating Economic Minister Darmin Nasution said on Wednesday that the government would release its 13th economic policy package in August, adding that the draft had been completed.

Darmin said the 13th package was largely an extension of the previous one, but would expand its focus beyond industry. The 12th package focused on small and medium enterprises.

"We are just waiting to schedule a meeting with the president," Darmin told reporters at his office. He refused to give the exact date the new policy package would come into effect.

 The ministry team must meet with President Joko "Jokowi" Widodo one more time to finalize the details, Darmin said.




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand