ASEAN KEY DESTINATIONS
Jokowi expects to see 5.3% economic growth this year
President Joko “Jokowi” Widodo said on Tuesday at the People's Consultative Assembly (MPR)'s annual meeting that Indonesian could grow 5.3 percent this year and keep the inflation rate at 4.0 percent.
“The global economy is not yet back to normal. We need to create a sustainable budget to create a fiscal stimulus,” Jokowi said in his speech to the legislature.
According to the President, year-on-year inflation in July was 3.21 percent, with cumulative inflation of 1.76 percent, the lowest level in five years
A government budget cut would support the poverty eradication program and keep priority infrastructure development ongoing, he added.
“Strengthening the connecting infrastructure will create an efficient logistical system and create stable food prices,” he said, adding that Jokowi would speed up infrastructure development this year.
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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.