ID :
11942
Thu, 07/10/2008 - 09:37
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http://m.oananews.org//node/11942
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ECONOMIC GROWTH IN FIRST SEMESTER OF 2008 REACHES 6.2 PCT: MINISTER
Jakarta, July 10 (ANTARA) - Finance Minister Sri Mulyani Indrawati has estimated Indonesia's economic growth in the second quarter of 2008 at 6.1 percent so that the economic growth in the first semester of this year was estimated at 6.2 percent.
The minister told a press conference on Wednesday that the economic growth was fueled by household consumption, government expenditure, investment, exports, high raw material and capital good imports.
"Household consumption grew 5.2-5.3 percent as spending for motor-vehicles and electricity remained high," the minister said.
She said investment grew 10.4-10.5 percent while in the same period last year it was only 7-8 percent.
"We will continue to boost investment so that it would reach a two-digit growth at the end of the year," Mulyani said.
Indonesia's exports in the first semester of this year also booked a growth of 11.9-12.0 percent while imports grew by 11.1-11.2 percent, the minister said.
"Imports of capital goods and raw materials were high while imports of consumption goods fell so that the economic growth in quarter 3 and 4 possibly dropped," she said.
On the realization of state expenditure, the minister said that it reached 36.7 percent of the 2008 revised state budget in the first semester. It tended to be stagnant if compared with that in the same period a year earlier, which stood at 36.6 percent. But this year's figure is better if compared with that in the first semester of 2006 which were 34.1 percent.
"The realization of the central government's expenditure which reached 35.4 percent is better than that in 2007 which was 33.7 percent. Transfer to the region reached 39.9 percent," the minister said.
Thus, the economic growth at the end of the year could be kept at 6.2 percent, a pace which would be slower than the previous projection at 6.4 percent.
"This indicated that our economy is not immune to the global economic crisis," she added.
On the occasion, the minister also said that in the first semester of 2008, the year-on-year inflation was recorded at 11.03 percent (6.5 percent in the state budget), Bank Indonesia's three- month certificate at 8.4 percent (7.5 pct in state budget) and the rupiah exchange rate at Rp9,261 per one US dollar (Rp9,100).
Besides, Indonesia's crude price reached US$104.4 per barrel (US$95 per barrel in the state budget), oil lifting 937.6 thousand barrels per day (927 thousands pbd in the state budget), volumes of subsidized fuel oil 19.6 million kiloliters of the quota of 35.5 million kiloliters and the volume of kerosene-to-LPG conversion 0.43 kiloliters of the quota of 2 million kiloliters.
The minister told a press conference on Wednesday that the economic growth was fueled by household consumption, government expenditure, investment, exports, high raw material and capital good imports.
"Household consumption grew 5.2-5.3 percent as spending for motor-vehicles and electricity remained high," the minister said.
She said investment grew 10.4-10.5 percent while in the same period last year it was only 7-8 percent.
"We will continue to boost investment so that it would reach a two-digit growth at the end of the year," Mulyani said.
Indonesia's exports in the first semester of this year also booked a growth of 11.9-12.0 percent while imports grew by 11.1-11.2 percent, the minister said.
"Imports of capital goods and raw materials were high while imports of consumption goods fell so that the economic growth in quarter 3 and 4 possibly dropped," she said.
On the realization of state expenditure, the minister said that it reached 36.7 percent of the 2008 revised state budget in the first semester. It tended to be stagnant if compared with that in the same period a year earlier, which stood at 36.6 percent. But this year's figure is better if compared with that in the first semester of 2006 which were 34.1 percent.
"The realization of the central government's expenditure which reached 35.4 percent is better than that in 2007 which was 33.7 percent. Transfer to the region reached 39.9 percent," the minister said.
Thus, the economic growth at the end of the year could be kept at 6.2 percent, a pace which would be slower than the previous projection at 6.4 percent.
"This indicated that our economy is not immune to the global economic crisis," she added.
On the occasion, the minister also said that in the first semester of 2008, the year-on-year inflation was recorded at 11.03 percent (6.5 percent in the state budget), Bank Indonesia's three- month certificate at 8.4 percent (7.5 pct in state budget) and the rupiah exchange rate at Rp9,261 per one US dollar (Rp9,100).
Besides, Indonesia's crude price reached US$104.4 per barrel (US$95 per barrel in the state budget), oil lifting 937.6 thousand barrels per day (927 thousands pbd in the state budget), volumes of subsidized fuel oil 19.6 million kiloliters of the quota of 35.5 million kiloliters and the volume of kerosene-to-LPG conversion 0.43 kiloliters of the quota of 2 million kiloliters.
