2017, Highest Growth Target for the Financial and Insurance Services Sector

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09/12/2016 09:47 WIB

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2017, Highest Growth Target for the Financial and Insurance Services Sector

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2017 Sectoral Economic Growth Targets

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In the 2017 State Budget (APBN), Indonesia's economy is targeted to grow by 5.1 percent. This figure is not significantly different from the estimated 2016 economic growth of around 5 percent.

The government targets the financial and insurance services sector to grow by 11.3 percent, the highest among other sectors. The health and social services sector is projected to grow by 8.2 percent, and the construction sector by 7.9 percent. Meanwhile, the mining and quarrying sector is still expected to contract by 0.4 percent.

With a growth target of 5.1 percent, the government has prepared a 2017 expenditure budget of Rp 2,080.5 trillion. This figure comprises Ministry/Agency (K/L) expenditure of Rp 763.6 trillion, non-K/L expenditure of Rp 552 trillion, and Transfers to Regions and Village Funds of Rp 764.9 trillion.

"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."