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View all search resultsGovt to launch more policies to maintain recovery: Finance Minister
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Finance Minister Sri Mulyani Indrawati speaks to the media after her inauguration ceremony at the State Palace in Jakarta on July 27. (AP Photo/Tatan Syuflana)
T
he government has pledged to maintain the current momentum for economic recovery through its economic policy packages, Finance Minister Sri Mulyani Indrawati has said.
Sri highlighted that the country's 5.18 percent economic growth in the second quarter was an improvement from the 4.92 percent seen in the first quarter.
"We will look carefully at indicators and make further policy responses, as well as maintain the inflation rate, and create job opportunities," Sri told reporters at the State Palace on Friday, adding that the government would also closely monitor demand and supply.
It is expected that the government will launch the 13th economic policy package this week, which according to Coordinating Economic Minister Darmin Nasution is likely to address an e-commerce roadmap and housing deregulation.
According to the Central Statistics Agency (BPS), the second quarter economic growth was supported by government spending that had grown 6.26 percent year-on-year (yoy). The figure is a significant increase from the previous quarter, in which it only stood at 2.93 percent. Private consumption grew 5.04 percent, a slight increase from the previous quarter figure of 4.94 percent. While investment only grew by 5.06 percent, in comparison to 5.57 percent in the previous quarter. (dmr)
