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KEIN suggests paradigm change in state budget plan
The National Economic and Industry Committee (KEIN) suggested on Tuesday that the government change the paradigm of its economic policies in the 2018 budget plan to achieve next year’s economic growth target
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KEIN chairman Soetrisno Bachir (second left) along with other committee members speak during a press conference on June 13 in Jakarta. (JP/rdi)
T
he National Economic and Industry Committee (KEIN) suggested on Tuesday that the government change the paradigm of its economic policies in the 2018 budget plan to achieve next year’s economic growth target.
Chairperson of KEIN’s working group for macro-economy, trade and investment affairs, Hendri Saparini, said the government should adopt an economic inclusivity approach by involving as many parties as possible in formulating the state budget.
“Our state budget plan should not merely focus on numbers of revenue and spending, but should also contain detailed strategies that can create economic activities involving a large portion of the people,” Hendri said at a press conference in Jakarta.
The government and lawmakers on Tuesday agreed on a number of macroeconomic economic assumptions for the 2018 economic budget, including economic growth between 5.2 and 5.6 percent, inflation between 2.5 and 4.5 percent and the poverty rate between 9.5 and 10 percent.
Hendri also stressed the importance of the government and the House of Representatives to pay serious attention to the involvement of small and medium enterprises in boosting the country’s economy.
“The most important thing is that the upcoming state budget should promote economic activities that involve many citizens, because 63 percent of our economy derives from small and medium enterprises,” she said. (rdi/bbn)
