Indonesia has potentials for development: VP

18:05, December 09, 2009      

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Indonesian Vice President Boediono said that the country has potentials to become nations like some emerging countries, namely Brazil, Russia, India and China (BRIC),due to its favorable demographic and fiscal condition, online news reported on Wednesday.

However, Boediono said that it is not enough depending only on potentials it has because it needs concrete steps.

"So that the potentials could be used to achieve economic growth of more than 7 percent," said Boediono in his keynote speech at an economy dialog here.

According to Boediono, Indonesia has more productive-age populations compared to non-productive ones, which is an important factor for the nation's progress.

"We do not realize the factor as it has ‘a structural nature’ which is very good for economic development," he said.

He also said that Indonesia has a very good fiscal condition, which in turn creating a room for economic growth.

"Many countries have deteriorating fiscal and increasing debt, but we don't have them. Indonesia could be optimistic on the fields," he said.

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