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With Two Months Remaining, Government Capital Spending Only 48 Percent Absorbed

23/11/2016 06:45 WIB

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Government Capital Expenditure and Percentage of Target 2016

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Government Capital Expenditure and Percentage of Target 2016

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Government capital expenditure realization until October 2016 reached approximately Rp 98 trillion, or only 47.5 percent of the target. With only two months remaining, achieving the government's capital expenditure target is difficult. In the same period the previous year, government capital expenditure realization amounted to Rp 99 trillion.

National economic growth from January to September 2016 was 5.04 percent compared to the same period the previous year. To ensure domestic economic growth exceeds 5 percent, government spending must be boosted in the fourth quarter of 2016.

The slowing global economy, budget cuts, and increased concerns in the financial markets have resulted in less expansive domestic economic growth in 2016 compared to the previous year.

"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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With Two Months Remaining, Government Capital Spending Only 48 Percent Absorbed

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With Two Months Remaining, Government Capital Spending Only 48 Percent Absorbed

Tags

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