JAKARTA: Bank Indonesia projected the investment growth in 2013 is at 10.5%, lower than government forecast of 11.9% - 12.3%.
Bank Indonesia Governor Darmin Nasution said the difference in economic growth forecast between central bank and government is primarily based on the investment growth rate which not as high as the government projection.
As a result, in 2013 the central bank projected the economic growth in the range of 6.4% - 6.8%. This projection is lower than government projections, i.e. 6.8% - 7.2%.
"Frankly, the difference is in the investment and export growth," he said during a meeting with the House, Monday, June 4, 2012.
According to Darmin, Indonesia's ability to attract investors or to build infrastructure as a component of gross fixed capital formation is not as fast as expected, especially since the world economic turmoil.
Meanwhile, the central bank said that growth in goods and services export in 2013 reached 11.2%. Lower than the government forecast which expect 11.7% - 12.1% growth in export.
"So if it’s combined all, the effect of the difference is approximately 0.3%," he said.
Based on gross domestic product 2013 formation component, from the expenditure, household consumption is expected to contribute 53.9%, government consumption by 9.6%, investment 34.6%, exports by 29.3% and imports 27.9%. The manufacture, trade, and agriculture sectors are still dominant supply factors in GDP. (T07/TW)
Bank Indonesia Governor Darmin Nasution said the difference in economic growth forecast between central bank and government is primarily based on the investment growth rate which not as high as the government projection.
As a result, in 2013 the central bank projected the economic growth in the range of 6.4% - 6.8%. This projection is lower than government projections, i.e. 6.8% - 7.2%.
"Frankly, the difference is in the investment and export growth," he said during a meeting with the House, Monday, June 4, 2012.
According to Darmin, Indonesia's ability to attract investors or to build infrastructure as a component of gross fixed capital formation is not as fast as expected, especially since the world economic turmoil.
Meanwhile, the central bank said that growth in goods and services export in 2013 reached 11.2%. Lower than the government forecast which expect 11.7% - 12.1% growth in export.
"So if it’s combined all, the effect of the difference is approximately 0.3%," he said.
Based on gross domestic product 2013 formation component, from the expenditure, household consumption is expected to contribute 53.9%, government consumption by 9.6%, investment 34.6%, exports by 29.3% and imports 27.9%. The manufacture, trade, and agriculture sectors are still dominant supply factors in GDP. (T07/TW)
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