World

Indonesian economic growth confident in 2017

Indonesia could reach a 5.2 percent economic growth in 2017, according to the World Bank’s latest report, which was cited by Jakarta Post on March 24.
Indonesian economic growth confident in 2017 ảnh 1A view of Jakarta (Photo: Reuters)

Jakarta (VNA) – Indonesia could reach a 5.2 percent economic growth in 2017,according to the World Bank’s latest report, which was cited by Jakarta Post onMarch 24.

Thebank also forecast that inflation would be higher in 2017 at 4.3 percent, upfrom 3.5 percent in 2016 and the current account deficit would stay unchangedfrom 2016.

Meanwhile,the central government budget deficit is projected to be higher than 2016 dueto stronger public expenditures on infrastructure investment.

Addressinga recent press conference, Indonesian Minister of Finance Sri Mulyani Indrawatisaid the bank’s growth estimate can be achieved, higher than the target set at5.1 percent by the Government. She attributed the growth to householdexpenditures, investment, and the government expenditures.

Accordingto the Ministry, the current account deficit falls to 1.75 percent of GDP from4 percent in 2013. Inflation will range between 3 – 5 percent.

Inthe first two months of this year, Indonesia earned 26 billion USD from export,up 19 percent from the same period last year.-VNA
VNA
#economic growth#Indonesian government
Follow VietnamPlus

Related News

Indonesia actively supports SMEs

Indonesia actively supports SMEs

The Indonesian Ministry of Industry has planned to help the establishment of 20,000 new small and medium enterprises (SMEs) in the manufacturing sector by 2019, according to The Jakarta Post.
Indonesia, Chile resume CEPA negotiations

Indonesia, Chile resume CEPA negotiations

Indonesia and Chile have resumed negotiations for a comprehensive economic partnership agreement (CEPA) after two-year delay, reported Indonesian newspaper Jakarta Post.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.