{"id":43372,"date":"2015-12-15T07:54:01","date_gmt":"2015-12-15T00:54:01","guid":{"rendered":"https:\/\/setkab.go.id\/?p=43372"},"modified":"2015-12-18T08:07:03","modified_gmt":"2015-12-18T01:07:03","slug":"the-world-bank-projects-indonesias-growth-in-2016-will-reach-5-3","status":"publish","type":"post","link":"https:\/\/setkab.go.id\/en\/the-world-bank-projects-indonesias-growth-in-2016-will-reach-5-3\/","title":{"rendered":"The World Bank Projects Indonesia\u0092s Growth in 2016 Will Reach 5.3%"},"content":{"rendered":"
\"Betawi\"

The World Bank Projects Indonesia\u0092s Growth in 2016 Will Reach 5.3%<\/p><\/div>\n

The World Bank admitted that 2015 that will end soon is a year that full of challenges for all policy makers in all over the world. Particularly in Indonesia, besides global economic issue, this country must also encounter forest fire and smoke problems, as well as economic slowdown. However, it is projected in 2016 Indonesia\u0092s economy will be better. The World Bank projects 5.3% economic growth in 2016 or higher than growth projection in 2015 that is 4.7%.<\/p>\n

The World Bank Lead Economist for Indonesia, Ndiame Diop explained that this year\u0092s forest fire and smoke cause 1.9% loss to GDP. He mentioned that forest fire seriously impacts regional GDP.<\/p>\n

<\/p>\n

\u00a0\u0093Economic loss due to this year\u0092s forest fire and smoke is two times bigger than the cost of Aceh reconstruction after Tsunami,\u0094 Ndiame said at the launching of Indonesia\u0092s three-month report, in Jakarta, on Tuesday (15\/12).<\/p>\n

Regarding Indonesia\u0092s economic slowdown, Ndiame thought that it is the impact of the increase of unemployment number. However, specially at the third quarter of 2015, according to Ndiame, Indonesia\u0092s economic growth is supported by higher public spending.<\/p>\n

For next year, in Ndiame\u0092s view, there is an improvement of spending composition in 2016 Budget. Nevertheless, he reminded, it all depends on the implementation.<\/p>\n

Ndiame projects economic growth in 2015 will be around 4.7%, whereas next year, the figure is higher, around 5.3%<\/p>\n

\n

\n

However, Ndiame reminded that there is still a challenge for Indonesia, that is global economic growth probably still would be dissapointing. Moreover, low State Revenue can also be a barrier for Indonesia\u0092s growth.<\/p>\n

Will be better<\/b><\/p>\n

Meanwhile, economist Raden Pardede believes that Indonesia\u0092s economy will be better, although it is not as fast as we want.<\/p>\n

He also thought that State Revenue must be boosted. However, he reminded notonly to rely on tax sector.<\/p>\n

\u00a0\u0093It is hard to increase the revenue from tax when the economy slows down. It needs other ways,\u0094 he said.<\/p>\n

According to Raden Pardede, the Government must revise the budget as soon as possible because previously the budget drawn up based on unachieved revenue target. \u0093Indonesia actually has money, but it should be used properly,\u0094 he said. (MMB\/YM\/Naster)<\/p>\n","protected":false},"excerpt":{"rendered":"

The World Bank admitted that 2015 that will end soon is a year that full of challenges for all policy makers in all over the world. Particularly in Indonesia, besides global economic issue, this country must also encounter forest fire and smoke problems, as well as economic slowdown. However, it is projected in 2016 Indonesia\u0092s […]<\/p>\n","protected":false},"author":30,"featured_media":43150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[77],"tags":[],"class_list":["post-43372","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\nThe World Bank Projects Indonesia\u0092s Growth in 2016 Will Reach 5.3% - 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\/the-world-bank-projects-indonesias-growth-in-2016-will-reach-5-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The World Bank Projects Indonesia\u0092s Growth in 2016 Will Reach 5.3% - Sekretariat Kabinet Republik Indonesia\" \/>\n<meta property=\"og:description\" content=\"The World Bank admitted that 2015 that will end soon is a year that full of challenges for all policy makers in all over the world. 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