Govt expects growth of up to 6.9% in 2012

Govt expects growth of up to 6.9% in 2012

Erwida Maulia, The Jakarta Post, Jakarta | Fri, 05/20/2011 2:12 PM

The government is targeting economic growth of between 6.5 and 6.9 percent in 2012, the finance minister says. Finance Minister Agus Martowardodjo submitted the target, along with other macroeconomic assumptions for the 2012 fiscal year, to members of the House of Representatives at a plenary session on Friday. Once approved by the House, the assumptions will be used to compose a draft for the 2012 state budget. Finance Minister Agus Martowardodjo said the government was optimistic with the target, as it was in line the “positive signals” of the global economy for the year 2012. “Based on [the positive signals], the government is optimistic that [Indonesia’s] economy will continue to grow in 2012, by between 6.5 and 6.9 percent,” Agus said. He added that the government would work to stabilize inflation and the rupiah in efforts to support the realization of the growth target. The government will also enact a number of strategic policies in 2012, including improving the competence, improving the international trade performance, strengthening public consumption, and improving the investment climate in both financial and real sectors.”

Vocab:
– Govt expects growth of up to 6.9% in 2012 = pemerintah mengharapkan pertumbuhan naik menjadi 6.9% tahun 2012
– The government is targeting economic growth of between 6.5 and 6.9 percent in 2012, the finance minister says = pemerintah mentargetkan pertumbuhan ekonomi antara 6.5 sampai 6.9 persen pada tahun 2012, menteri keuangan mengatakan
– Finance Minister Agus Martowardodjo submitted the target, along with other macroeconomic assumptions for the 2012 fiscal year, to members of the House of Representatives = menteri keuangan Agus menyampaikan target, bersamaan dengan asumsi makroekonomi lainnya untuk tahun fiskal 2012, kepada anggota DPR
– Once approved by the House, the assumptions will be used to compose a draft for the 2012 state budget = begitu disetujui oleh DPR, asumsi akan digunakan untuk menyusun draf anggaran negara tahun 2012
– the government was optimistic with the target, as it was in line the “positive signals” of the global economy for the year 2012 = pemerintah optimis dengan target, sejalan dengan sinyal positif dari ekonomi global tahun 2012
– [Indonesia’s] economy will continue to grow in 2012 = ekonomi Indonesia akan terus tumbuh di tahun 2012
– He added that the government would work to stabilize inflation and the rupiah in efforts to support the realization of the growth target = dia menambahkan bahwa pemerintah akan bekerja untuk menstabilkan inflasi dan rupiah dalam usaha untuk mendukung realisasi target pertumbuhan
– The government will also enact a number of strategic policies in 2012, including improving the competence, improving the international trade performance, strengthening public consumption, and improving the investment climate in both financial and real sectors = pemerintah juga akan membuat sejumlah kebijakan strategis tahun 2012, termasuk menungkatkan kompetensi, meningkatkan kinerja perdagangan internasional, memperkuat konsumsi publik, dan meningkatkan iklim investasi baik disektor keuangan atau sektor ril

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