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National Economic Condition in 2016

Economic Growth in Indonesia as per 3Q15 has increased to 4.73% from 2Q15 for 4.67% from 4.71%. Realization until 3Q15 is still far from macroeconomic target in RAPBN-P which reached 5.7%. Inflation rate is still high and above govt target. Until October 2015, national inflation reached 6.25% while inflation target reached 5%. Exchange rate towards USD as per 09 November 2015 is 13.169 per USD where govt target reached 12.500 by the end of 2015.

Economical Issue gets complicated when tradable sector’s effect towards GDP is decreasing. On the 1Q14, tradable sector still contribute 49.8% of GDP but at the 3Q15 tradable sector only contribute for 42.29%. Tradable sector component growth as per 3Q14 averaged below 5%.

Government spending in 2015 is still only 62.9%. 17.1% short from target of the year. Lacking realization several provinces like Jakarta, Papua, West Java and Riau. There are also plenty of lack planned institution which making the spending less possible to be realized.

To reach the development target in 2016, inflation has to be controlled especially from the supply side. The Government also has to build a better vocation for job seekers.

Economic Growth will be better in 2016, but even so the government got to spend for Capital Expenditure real soon, since not every area able to grow solely by getting help from private industries. It’s all depends on the National and Regional Budgeting.

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