Indonesian president says to cut unemployment to 5%, poverty to 8% in 2014

18:29, December 28, 2009      

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Indonesia aimed to reduce its unemployment rate to about 5 percent in 2014, from the current figure of 7.87 percent, on the back of good economic prospects, the country's President Susilo Bambang Yudhoyono said in Jakarta Monday.

President Yudhoyono, who was re-elected on July 8 for his second term, vowed to decrease poverty rate from 14.5 percent now to over 8 percent at the end of his tenure in 2014.

"We want the unemployment at the end of 2014 to be no more than 5 or 6 percent,..and poverty rate at the range of between 8 to 10 percent," said Yudhoyono at the State Palace.

Indonesia has recovered from the fallout of the global financial routs, which has hit the country's industries and exports, causing massive layoffs.

With strong economic fundamentals, the country has registered high economic growth in the region during the crisis, while the others suffered from strong contraction.

The Southeast Asia's largest economy's exports have started to improve and is predicted to begin to grow at 5 percent next year as the global demands on emerging markets products are predicted to soar along with the global economic recovery.

The global investors appetite on the assets at the emerging market has also recovered, which may push capital inflow.

President Yudhoyono said that the government would attempt to boost exports, consumption, technology, and the government spending would be used accurately.

Besides, the government would keep maintaining stability and expecting the global economic would be still favorable.

"To achieve the targets is not easy, but, If we work hard and the national situation is stable and the world does not have any crisis, we will reach the target," he said.

Indonesia has unveiled massive infrastructure program to support the economic growth.

Source: Xinhua
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