Indonesia agrees on economic growth of 5.2 – 5.6 percent in 2018
The Indonesian Government and House of Representatives have agreed on macroeconomic assumptions and development goals during their meeting to discuss the state budget draft for 2018.
Jakarta (VNA) – The Indonesian Government andHouse of Representatives have agreed on macroeconomic assumptions anddevelopment goals during their meeting to discuss the state budget draft for2018.
The meeting aimed to allow the government to formulatea reliable and effective state budget plan.
The government and House of Representatives agreed toachieve the economic growth of around 5.2 – 5.6 percent, year-on-year inflationrate ranging from 2.5 – 4.5 percent, the rupiah’s exchange rate at 13,700 –14,000 RP per USD, and the interest on three-month treasury notes at 4.6 - 5.2percent.
They also agreed on the development goals, includingthe unemployment rate of 4.8 -5.2 percent, poverty rate of 8.5 - 9.5 percent,Gini ratio of 0.38 - 0.39, and human development index (HDI) of 71.98.
The government is expected to use themacroeconomic assumptions and development targets to formulate the financialnotes for the 2019 state budget draft.-VNA
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Illustrative image (Source: Internet) 
