{"id":156118,"date":"2019-03-20T22:30:54","date_gmt":"2019-03-20T15:30:54","guid":{"rendered":"https:\/\/setkab.go.id\/?p=156118"},"modified":"2019-03-21T12:16:21","modified_gmt":"2019-03-21T05:16:21","slug":"economy-remains-steady-ahead-of-elections-sri-mulyani-says","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/economy-remains-steady-ahead-of-elections-sri-mulyani-says\/","title":{"rendered":"Economy Remains Steady Ahead of Elections, Sri Mulyani Says"},"content":{"rendered":"
\"Finance<\/a>

Finance Minister Sri Mulyani Indrawati attends Fitch Ratings event: Fitch on Indonesia 2019, at Mandarin Hotel, Jakarta, Wednesday (20\/3). (Photo by: Ministry of Finance PR)<\/p><\/div>\n

Indonesian Minister of Finance Sri Mulyani has ensured business players that country\u0092s economy will remain steady in this political year.<\/p>\n

She also urged business players not to worry about rising political temperatures in the country. <\/p>\n

\u0093The Government is committed to pursuing policies to support a conducive business environment to facilitate investors in doing business in Indonesia,\u0094 the Minister said at the 2019 Fitch Ratings Fitch on Indonesia held under the theme \u0093Fitch on Indonesia \u0096 The Election, Macro-Economy and Credit Market\u0094 at Mandarin Oriental Hotel, Jakarta, Wednesday (20\/3).<\/p>\n

Sri Mulyani went on to say that her Ministry and related stakeholders would continue to carry out fiscal policies that support investment climate and increase domestic competitiveness through strengthening export capacity.<\/p>\n

She added that the Government will also continue to increase the total spending by allocating total funds of more than Rp2,490 trillion and the deficit is projected at 1.83 percent of gross domestic product (GDP) which is consistently below the two percent limit. \u0093We will use this fiscal policy with budget allocations in sectors that are fundamental to Indonesia and our economy,\u0094 she said.<\/p>\n

The fundamental sectors, the Minister added, are human resources empowerment through education, health, and social safety nets including poverty alleviation.<\/p>\n

The Minister added that the Government would also continue to allocate 20 percent education funds of the total state budget (APBN), five percent for health and for social safety nets, including for poverty alleviation, which in 2018 was successfully reduced to 9.66 percent – the lowest poverty rate so far.<\/p>\n

However, she surmised that main issue of improving the quality of Indonesia\u0092s human resources is not on the amount of money allocated but on how and on what allocation the money will produce optimal point. For example, she added, at the optimum point, what will be the balance of funds allocated for general education and vocational trainings, as well as research.<\/p>\n

In health sector, the Government also continues to pursue policies that can provide sustainable health facilities for communities that do not burden providers of health facilities, she said<\/p>\n

Another focus, according to Sri Mulyani, is infrastructure development sector which has been the Government\u0092s top priority for the past five years, adding that several strategies carried out by the Government include promoting public-private partnerships in infrastructure development that reaches inter-regional connectivity in Indonesia. Meanwhile, some fiscal policies to be implemented include government guarantees and availability of payment schemes, she added.<\/p>\n

As for regional empowerment, Sri Mulyani maintained that the central Government is committed to allocating budget to regions through regional transfers and Village Funds, which have been proven to be able to empower regions and reduce rural poverty through economic empowerment and infrastructure development.<\/p>\n

Former World Bank managing director reiterated that the 2019 elections are not an obstacle to investment and business in Indonesia, while noting the success of the Indonesian Government in managing its economy amidst world economic turmoil in 2018 and the focus of government policy on fundamental sectors in 2019.<\/p>\n

\u0093I want to ensure that the election, macro-economy, and credit market are not to be a trade-off as they can support each other in Indonesia,\u0094 she said. (PR of Ministry of Finance\/ES)<\/p>\n

Translated by: Muhardi<\/p>\n

Edited by: M. Ersan Pamungkas<\/p>\n","protected":false},"excerpt":{"rendered":"

Indonesian Minister of Finance Sri Mulyani has ensured business players that country\u0092s economy will remain steady in this political year. She also urged business players not to worry about rising political temperatures in the country.<\/p>\n","protected":false},"author":43,"featured_media":156119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-156118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nEconomy Remains Steady Ahead of Elections, Sri Mulyani Says - Sekretariat Kabinet Republik Indonesia<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/setkab.go.id\/en\/economy-remains-steady-ahead-of-elections-sri-mulyani-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Remains Steady Ahead of Elections, Sri Mulyani Says - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"Indonesian Minister of Finance Sri Mulyani has ensured business players that country\u0092s economy will remain steady in this political year. 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