House expects growth to reach 7 percent in 2010

Aditya Suharmoko ,  The Jakarta Post ,  Jakarta   |  Tue, 06/09/2009 11:30 AM  |  Business

The government and the House of Representatives have completed their macroeconomic indicator for the proposed 2010 state budget, with the House projecting a growth rate of 7 percent.

At Monday's meeting economic growth was set at between 5 percent and 6 percent, inflation at between 4 percent and 6 percent, central bank certificates at between 6 percent and 7.5 percent, and rupiah per US dollar at between 9,500 and 10,500.

Oil lifting was set at 960,000 barrels per day, with an Indonesian crude price (ICP) of between $50 and $70 per barrel, House budget committee vice chairman Harry Azhar Aziz said in a text message.

"Economic growth is expected to reach 7 percent ... Definitive figures are in the government's hands to be set through the president's financial notes for the 2010 budget, submitted at the House's plenary session Aug. 15," he said.

The 2010 budget discussion will start from Aug. 18 to Sept. 29, as the current House member will end the term on Sept. 30. The inauguration of new House members will be conducted on Oct. 1.

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