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President hopes economy to grow more than 6 percent in 2018

By Wei ZhangIndonesia
1 min read
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Tidak Liburan Ke Luar Kota Ide Staycation Dan Liburan Di Jakarta Ini Akan Sangat Membantu Kalian
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President Joko Widodo (Jokowi) said he hopes the countrys economy could grow more than six percent in 2018 that the 2018 state budget would get healthier.

“In entering the year 2018, the first thing we want is a growth of more than six percent,” the president said when opening a plenary session of the cabinet at the state palace here on Wednesday.

Jokowi said he was aware it would not be easy because for that there should be a growth of more than 10 in the investment sector.

He then asked the head of the Capital Investment Coordinating Board (BKPM) to report estimates including steps that have to be taken to boost investment.

“The consumption sector needs to grow more than 5 percent, exports are also expected to grow by at least 4 percent and imports by at least two to three percent,” he said.

He said, however, the figures still leave rooms for corrections or an increase.

He said he wanted discussion and debate on the 2018 state budget made earlier that implementation would be better.

Almost all cabinet ministers and head of government agencies attended the cabinet plenary session.

Questions & Answers

Q.

What is the President's target for economic growth in 2018?

A.

President Joko Widodo hopes the country's economy will grow by more than six percent in 2018. He stated this goal during a cabinet plenary session at the state palace.

Q.

What specific sector growth is needed to achieve the economic target?

A.

For the economy to grow by over six percent, the investment sector needs to grow by more than 10 percent. The consumption sector should grow by over five percent, and exports by at least four percent.

Q.

What is the President's plan to boost investment?

A.

President Jokowi has asked the head of the Capital Investment Coordinating Board (BKPM) to provide reports. These reports should include estimates and the necessary steps to boost investment levels.

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