The Weakening of Rupiah, CMEA: Do not Follow the Rhythm, Take Position the Opponents
Date 24 Agustus 2015
Coordinating Minister for Economic Affairs (CMEA), Darmin Nasution give accurate advice in dealing with weakening of rupiah turmoil, which has been exceeded Rp 14,000.00 per US dollar at now.
“Actually, the only answer that accurate is not to follow the rhythm but take the position of the opponent,” said Nasution told reporters after accompanying President Joko Widodo (Jokowi) led the coordination meeting with the governors, and after receiving a number of the main leaders of major companies in Indonesia, at the Presidential Palace, Jakarta, Monday (24/8).
According to the Coordinating Minister for Economy, the first, which must be done, is to increase government spending, especially capital expenditure, because capital spending is still approximately 20 percent to this day.
The second, to encourage investment. In this case, not only to invite investors in the country and abroad, the President also said will undertake massive deregulation in every department. This is done in order that the investment could be more smoothly and the economy will be able to move.
Regarding the meeting of the Governors that accompanied by Chief Prosecutor and the Chief of Regional Police, Coordinating Minister for Economy Darmin Nasution said that the meeting much more discuss and evaluate about how the distribution of village funds that are already running.
According to the Coordinating Minister for Economy, the most important were discussed in the limited cabinet meeting are what should be like and what should be done, in order that the expenditure to fund the village not too wide, split to a wide range but then not clear result. “It’s better to focus on just a few activities but directly benefit to the rural communities,” Nasution said.
Therefore, Coordinating Minister Economy continues, the village funds will certainly help a lot, if the expenditure is directed for example to tertiary irrigation, rural roads and bridges, etc.
“It will provide employment and income as well as to many people. So that in such a situation, the level of poverty does not suddenly deteriorated, “said Nasution who was accompanied by Coordinating Minister for Political, Legal and Security Luhut B. Pandjaitan.. (DND/DNK/EN/ES)