Government to Boost Spending at Year’s End
The government is implementing various strategies at year’s end, including boosting spending, to keep economic growth at above 5 percent. Public spending will also be maintained at the current level.
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A screen shows infographics displayed over video footage of Finance Minister Sri Mulyani Indrawati as she provides information at the 2019 November Performance and Facts press conference at the Finance Ministry in Central Jakarta on Monday (18/11/2019). Indonesia\'s economic stability is still maintained amid the prospect of slowing global economic growth. Indonesia\'s gross domestic product (GDP) in the third quarter grew 5.02 percent and cumulatively increased 5.04 percent in line with the strong growth of household spending and nonprofit institutions serving households.
The government is implementing various strategies at year’s end, including boosting spending, to keep economic growth at above 5 percent. Public spending will also be maintained at the current level.
JAKARTA, KOMPAS — The state budget (APBN) can have a huge impact on Indonesia’s economic growth. Spending will have to increase to support this economic growth. On the other hand, policies counterproductive to public spending must be avoided.