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Indonesian gov't confident over growth target
Last Updated(Beijing Time):2007-07-08 14:03
The Indonesian government was upbeat to achieve the economic growth target of 6.3 percent this year despite little state spending in the first half of the year, an official said Saturday.

"The economy grew by 5.97 percent in the first quarter, that makes me confident that we can achieve the 6.3 percent full year target," State Minister for National Development Planning Paskah Suzetta was quoted by the national Antara news agency as saying.

The Finance Ministry reported earlier this week first-half state spending was estimated at 288.4 trillion rupiah (about 32 billion U.S. dollars), representing only 37.8 percent of full year target.

But Paskah said the economic growth was also largely attributable to export, private spending and investment.

"Besides, state spending usually slowed down in the beginning. It made only 10 percent in the first quarter but began accelerating in the second quarter."

Finance Minister Sri Mulyani Indrawati earlier said the government stick to the 6.3 percent target on assumptions that private consumption would grow by 5.1 percent, government consumption 8.9 percent, investment 12.3 percent, export 9.9 percent and import 14.2 percent.

Source:Xinhuanet 
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