{"id":264519,"date":"2022-12-20T10:00:12","date_gmt":"2022-12-20T03:00:12","guid":{"rendered":"https:\/\/setkab.go.id\/?p=264519"},"modified":"2022-12-21T11:06:01","modified_gmt":"2022-12-21T04:06:01","slug":"finance-minister-indonesias-economic-performance-remains-positive-towards-year-end","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/finance-minister-indonesias-economic-performance-remains-positive-towards-year-end\/","title":{"rendered":"Finance Minister: Indonesia\u2019s Economic Performance Remains Positive towards Year-End"},"content":{"rendered":"
\"\"

Minister of Finance Sri Mulyani (Photo by: PR of Cabinet Secretariat\/Agung)<\/p><\/div>\n

Indonesia\u2019s economic performance has remained relatively good as of the end of November this year, according to Minister of Finance Sri Mulyani.<\/p>\n

It is evident as the country\u2019s trade balance has continued to record a surplus that reached US$5.16 billion. Cumulatively from January to November this year, the surplus amounted to US$50.59 billion, which is larger than last year\u2019s.<\/p>\n

\u201cThis is a positive aspect of our economy. The external sector contributes to our growth with more exports than imports. Nevertheless, we remain vigilant over global [economic] development, which tends to weaken,\u201d Minister of Finance Sri Mulyani said, quoted from the official website of Ministry of Finance, Tuesday (12\/20).<\/p>\n

Other indicators demonstrating Indonesia\u2019s sound and robust economy are consumer confidence index, retail sales index, car retail sales index, Mandiri spending index, electricity consumption, and motorcycle sales that continue to increase and expand.<\/p>\n

\u201cIt means that middle-class households still have healthy purchasing power and consumption will, which will support our economic growth, especially in the fourth quarter. In this situation, our economic growth in 2022 will remain stable in the fourth quarter,\u201d she said.<\/p>\n

However, Sri Mulyani emphasized the importance to remain vigilant over next year\u2019s economic trend as the global economic turmoil indirectly influences Indonesia\u2019s economic performance.<\/p>\n

\u201cThe global environment will affect our exports. Domestically, we still have sources of economic growth that we must and will maintain, such as consumption, investment, and government spending,\u201d she said, adding that the country\u2019s inflation rate is relatively good at 5.4 percent, sustained by the prices of volatile food commodities that consistently decrease.<\/p>\n

\u201cThis is an achievement because when the world is facing rising food and energy prices, we can still control them by managing supplies and distributions for various national food and energy demands,\u201d she said.<\/p>\n

In the meantime, Indonesia\u2019s government bonds are in a favorable situation despite capital outflow.<\/p>\n

\u201cIt shows that Indonesia can still maintain competitiveness in terms of cost of fund because the State Budget continues to give credible and strong signal and our macro policies are consistent and credible. As a result, our government bond performance is much better than that of other countries,\u201d she said.<\/p>\n

The Minister also pointed out that the country\u2019s positive economic performance is consistent with the assessment of global ranking institutions, such as Fitch Ratings that affirmed Indonesia at BBB category with a stable outlook.<\/p>\n

\u201cWhen the outlook of all countries worldwide is negative or downgraded, rating institutions gave us a stable rating. This is very remarkable,\u201d she remarked. (UN) (DH\/MUR)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Indonesia\u2019s economic performance has remained relatively good as of the end of November this year, according to Minister of Finance Sri Mulyani. It is evident as the country\u2019s trade balance has continued to record a surplus that reached US$5.16 billion. Cumulatively from January to November this year, the surplus amounted to US$50.59 billion, which is […]<\/p>\n","protected":false},"author":43,"featured_media":264520,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-264519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nFinance Minister: Indonesia\u2019s Economic Performance Remains Positive towards Year-End - 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\/finance-minister-indonesias-economic-performance-remains-positive-towards-year-end\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Finance Minister: Indonesia\u2019s Economic Performance Remains Positive towards Year-End - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"Indonesia\u2019s economic performance has remained relatively good as of the end of November this year, according to Minister of Finance Sri Mulyani. 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