Economic Growth Target Can Be Achieved: Finance Minister

Jakarta, InfoPublik – Indonesian Finance Minister Bambang PS Brodjonegoro stated that we can achieve this year's economic growth target considering the 2016 first quarter economic growth which is better than the same period of last year.

According to the Minister, although the national economy only reached 4.92 percent in the first quarter of 2016, the percentage was better than the first quarter of 2015 which only reached 4.73 percent. "Q1 growth is higher than the last year and the higher growth potential in the next quarter," he stated in a written statement received in Jakarta, Sunday (5/8).

He explained that one of the factors that led to economic growth in the first quarter of 2016 to be slightly beyond expectation is the slower household consumption due to the decline in demand and purchasing power.

"Therefore, one of the efforts to improve the performance of the economy is by encouraging the people's purchasing power in order to boost household consumption sector so it could give more contribution to the economic growth," he said. (Translator: Siti Chodijah)