Indonesia's economic growth to reach 8% by 2014: minister

17:00, November 07, 2009      

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State Minister for National Development Planning (Bappenas) affairs Armida Alisjahbana estimated that Indonesia's economic growth to reach 8 percent by 2014 when the present government ends its service, local media reported here on Saturday.

Armida said that Indonesia's economic condition would continue to improve in the following years with 2010 growth estimation set at a range of 5.5-5.6 percent.

"With extra efforts, by 2011 Indonesia's economic growth could be boosted up to 8 percent to 2014. With moderate efforts, the growth could reach 7 percent," Armida was quoted by the Detik.com as saying.

She said that the growth estimation is based on normal external factors condition assumption and great support from inside the country.

"Improving the investment would be an essential step to bolster the economic growth. It should be actively carried out by the private sector since the government only allocates 15 percent from its state budget to boost investments," Armida said.

The minister said that Bappenas is now seeking breakthroughs to entice investors from Middle East, South Korea, Eastern Europe, India to set more investments in Indonesia.

Source: Xinhua
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