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INDONESIA ECONOMIC GROWTH IN 2017 5.7%

2017-01-02 7:32

INDONESIA  ECONOMIC GROWTH IN 2017 5.7%

 

Bank Indonesia (BI) projects would boost Indonesia's economic growth to 5.7 percent in 2017. That impulse is the impact of the tax amnesty program or a tax amnesty that is expected to draw funds abroad by thousands of trillions of rupiah to Indonesia.

BI Governor Agus Martowardojo forecast the national economy grew 5.04 percent in 2016. This assumption is not taking into account the impact of the implementation of tax amnesty. BI previously estimated economic growth in Indonesia this year were in the range of 5 percent-5.4 percent.

"We expect the Indonesian economy grew 5.04 percent in 2016, so at the lower limit of the range yes. But that's not taking into account the tax amnesty, "he said after attending the 2017 Draft Budget Meeting at the Parliament Building, Jakarta, Thursday (07/14/2016).

Furthermore Agus explained, with the inclusion of repatriation of funds through the tax amnesty and the other half is used to increase capital expenditures of government, is believed to spur economic growth in this year. Unfortunately, the former finance minister was reluctant to divulge the national economic growth forecast after tax amnesty.

"But while the central bank is not able to formulate the impact of tax amnesty to the economic growth we publish," he explained.

However, Agus predicted Indonesia's economic growth higher in 2017 with the potential for 5.7 percent. While BI assumptions on economic growth next year is in the range of 5.2 percent to 5.6 percent.

 

"Tax amnesty could create a 5.04 percent rise to 5.3 percent, and boost the economic growth of 5.7 percent in 2017. But this is still being discussed by Parliament, so that no shadows to determine Babysitting economic growth that will be agreed upon in 2017," he explained.

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