Indonesian Gov’t eyes 4.5-5.5 percent economic growth in 2021
The People's Representative Council of Indonesia on June 15 approved a draft economic development and recovery plan for 2021 submitted by the Government, which eyes 4.5-5.5 percent in economic growth.
Locals wear face masks at a barber-shop in Surabaya, Indonesia (Source: xinhua/VNA)
Jakarta (VNA) – The People's Representative Council of Indonesia onJune 15 approved a draft economic development and recovery plan for 2021submitted by the Government, which eyes 4.5-5.5 percent in economic growth.
The draft plan sets targets of curbinginflation at 2-4 percent, maintaining the value of rupiah at 14,900-15.300rupiahs per USD, increasing the output of exploited crude oil to677,000-737,000 barrels per day, and controlling State budget overspending at3.21-4.17 percent of GDP.
The Indonesian Government said that whenmaking the plan, it had taken into account possible risks as well as nationaleconomic development and recovery potential.
Recently, the Organisation for EconomicCooperation and Development (OECD) forecast that the Indonesian economy couldwitness a 3.9 percent contraction this year if it is hit by a second wave ofCOVID-19, noting that the contraction would be the first since the 1997 financialcrisis.
The OECD report highlights the rocky paththat lays ahead for Southeast Asia’s biggest economy as the government seeks tospur an economic recovery by reopening the economy this month after more thantwo months of partial lockdown.
The think-tank projected the economy toshrink 2.8 percent this year if the government manages to avoid a second waveof infections./.
Indonesia on June 15 reported 1,017 new coronavirus infections and 64 more related deaths, the highest COVID-19 death toll on a single day in this nation.
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Locals wear face masks at a barber-shop in Surabaya, Indonesia (Source: xinhua/VNA)
