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Jokowi to hold Cabinet meeting to discuss 2018 state budget
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Close talks -- Presiden Joko “Jokowi” Widodo (left) and Vice President Jusuf Kalla (second left) lead a limited Cabinet meeting at the Presidential Office. (Antara/Yudhi Mahatma)
P
resident Joko “Jokowi” Widodo is set to hold a plenary Cabinet meeting on Wednesday afternoon to discuss fiscal capacity and indicative ceiling of the 2018 state budget.
Jokowi said earlier that the preparations for 2018 must take into consideration important factors like raising the growth of consumption by 5 percent, exports by 4 percent, imports by between 2 and 3 percent and investments by more than 10 percent.
For 2016, the government has revised its full-year gross domestic product (GDP) target down to 5.2 percent from 5.5 percent and reported 4.92 percent growth in the first quarter.
Finance Minister Sri Mulyani Indrawati also said the global economy was predicted to remain sluggish in 2018, which would lead to exports only contributing about 1 percent to GDP growth. (dan)
