Government Revises 2016 Economic Growth Target to 5.1 Percent

Economics & Macro

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02/09/2016 11:00 WIB

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Economic Growth 2010-2017 (2016; 2017 Targets)

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Government Revises 2016 Economic Growth Target to 5.1 Percent

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Economic Growth 2010-2017 (2016; 2017 Targets)

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The Indonesian government revised its economic growth projection for 2016 downward to 5.1 percent, from the 5.2 percent target set in the revised 2016 State Budget. Furthermore, the government also revised the 2017 economic growth projection to 5.2 percent, down from the previous target of 5.3 percent.

Domestic economic growth reached 5.04 percent in the first half of 2016. To achieve the 5.2 percent target, growth of 5.35 percent would be required in the second half of 2016. This is considered difficult to achieve, as the government has also cut its spending budget by Rp 137.6 trillion due to lower-than-expected revenue. This is expected to slow economic growth by approximately 0.1 percent.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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Government Revises 2016 Economic Growth Target to 5.1 Percent

Government Revises 2016 Economic Growth Target to 5.1 Percent

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Related Data

History of Indonesia's Forestry Sector Contribution to GDP 2015-2024

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

INDEF: Consumer Purchasing Power Below 5%, Growth Also Stalled

DKI Jakarta's Economic Growth Approaching 5% in Q3 2025

World Bank's 2026 Silver Price Projection

Textile Industry's Contribution to Indonesia's GDP Declined until Q3 2025

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Government Revises 2016 Economic Growth Target to 5.1 Percent

Government Revises 2016 Economic Growth Target to 5.1 Percent

Tags

Related Data

History of Indonesia's Forestry Sector Contribution to GDP 2015-2024

Impact of the Sumatra Disaster, Indonesia's GDP Could Decrease by IDR 68 Trillion

INDEF: Consumer Purchasing Power Below 5%, Growth Also Stalled

DKI Jakarta's Economic Growth Approaching 5% in Q3 2025

World Bank's 2026 Silver Price Projection

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