Illustration ( Rizal)
Illustration ( Rizal)

Indonesia's 2021 Economic Growth Target Set at 5%

English economic growth (en) indonesian economy (en)
Eko Nordiansyah • 11 September 2020 11:55
Jakarta: The central government and the Budget Committee (Banggar) of the House of Represenattives (DPR) have agreed to set Indonesia's economic growth target for 2021 at five percent.
According to Minister of Finance Sri Mulyani Indrawati, this target illustrates hope but also caution about economic conditions in Indonesia next year.
"Due to the ongoing covid-19 pandemic, especially lately, econonic uncertainty continues to escalate in 2020 and it will remain the same in 2021," the former World Bank managing director said after a meeting with Banggar members here on Friday.

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"So we should be vigilant but optimistic in facing problems," she stated.
Other macroeconomic assumptions remain the same as proposed in the 2021 State Budget Draft. For example, the inflation target remains at the three percent. In addirion, rupiah exchange rate target also remains at Rp14,600 per US dollar.
"Oil lifting target is 705 (thousand barrels). It is still the same. Gas lifting is 1.007 million barrels of oil equivalent per day," the minister explained.

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