ID :
23593
Fri, 10/10/2008 - 10:23
Auther :
Shortlink :
http://m.oananews.org//node/23593
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INDONESIA TO REVISE GROWTH TO 6.0-6.1 PCT
Jakarta, Oct 9 (ANTARA) - The government will ask the House of Representatives (DPR) to lower assumption of growth in the 2009 draft budget from 6.3 percent to 6.0 or 6.1 percent.
"We will ask for a revision. Right now we are proposing 6.0 percent or 6.1 percent," finance minister Sri Mulyani said when explaining the government's policy for restoring normal capital market condition here on Thursday.
She said that in view of the trend in the current global financial crisis, the government had decided to lower its economic growth projection from 6.3 percent that had been approved by the DPR.
"Perhaps the growth assumptions need to be reviewed," she said.
She said there was still time until October 25 to discuss the 2009 draft budget before the DPR entered a recess.
The House budget committee had agreed the assumptions for economic growth set at 6.3 percent, inflation (6.2 pct), rupiah exchange rate (Rp9,150 per US dollar), SBI key three-month rate (8.0 pct), crude oil price (US$95 per barrel), oil production (960,000 barrels a day), gas (7,526.3 MMSCFD), coal (250 million tons) and GDP (Rp5,309.37 trillion).
Regarding the easing of regulations on buybacks by state-owned companies minister Sofyan Djalil said that the buybacks must be done using the companies' own funds.
"We will ask for a revision. Right now we are proposing 6.0 percent or 6.1 percent," finance minister Sri Mulyani said when explaining the government's policy for restoring normal capital market condition here on Thursday.
She said that in view of the trend in the current global financial crisis, the government had decided to lower its economic growth projection from 6.3 percent that had been approved by the DPR.
"Perhaps the growth assumptions need to be reviewed," she said.
She said there was still time until October 25 to discuss the 2009 draft budget before the DPR entered a recess.
The House budget committee had agreed the assumptions for economic growth set at 6.3 percent, inflation (6.2 pct), rupiah exchange rate (Rp9,150 per US dollar), SBI key three-month rate (8.0 pct), crude oil price (US$95 per barrel), oil production (960,000 barrels a day), gas (7,526.3 MMSCFD), coal (250 million tons) and GDP (Rp5,309.37 trillion).
Regarding the easing of regulations on buybacks by state-owned companies minister Sofyan Djalil said that the buybacks must be done using the companies' own funds.
