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Indonesia finance minister expects economy to grow over 5 percent

Indonesia finance minister expects economy to grow over 5 percent

He added that he expects the country's currency the rupiah to maintain a strong position this year between 13,200 and 13,500 per dollar.

 

Brodjonegoro also said he expects the Indonesian economy to improve in 2016, blaming its weak export performance in 2015 on the slowdown in China's economy and low global commodity prices.

 

"We think this year we can grow more than 5 percent, hopefully at the 5.3 percent as already estimated in our budget...," he said

 

"(The) budget deficit last year was quite okay at 2.53 percent. This year was originally 2.15 percent, but if it's necessary then we still widen our deficit a little bit, at max to 2.5 percent," he said.

 

He also said he expects Indonesia to attract more Chinese direct investment, and suggested it was more important for China to boost domestic consumption than depreciate its currency.

original source: http://www.thefiscaltimes.com/latestnews/2016/02/26/Indonesia-finance-minister-expects-economy-grow-over-5-percent

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