Jakarta (ANTARA News) - Finance Minister Sri Mulyani Indrawati hinted Friday the government and the House of Representatives (DPR) are likely to revise upward the economic growth target of 5.5 percent for 2010 at an upcoming meeting.

"The upward revision of the economic growth target is very likely," she said at a workshop here.

The minister noted that export and import recovery, strong consumption and investment rebound were among the factors that would prompt the government and the House to revise upward the economic growth target.

"Consumption is expected to remain strong, the more so because the rupiah`s exchange rate against the dollar is currently strengthening," she said.

Indonesia was one of three countries which saw positive economic growth last year when many nations struggled to come out of the global economic crisis, she said.

"Investors are likely to seek alternatives outside China. This will pose a challenge for us to improve the investment climate and to continue bureaucratic reforms," she said.

The government is expected to inform the House Budgetary Board about some revisions to the 2010 state budget on Friday afternoon.

Some of macroeconomic assumptions in the 2010 state budget have been revised, including the assumed inflation target to 5.7 percent from 5.0 percent, the rupiah`s exchange rate to Rp9,500 from Rp10,000 per dollar, the average interest rate of Bank Indonesia certificates (SBIs) for three-month deposits to 7.0 percent from 6.5 percent, and crude oil price to US$77 from US$65 per barrel.

Meanwhile, the assumed economic growth target remains at 5.5 percent.(*)

Editor: Heru

COPYRIGHT © 2010

Comment
Send Comment