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Indonesian Government Vows to Anchor for Economic Recovery

Xinhuanet 2002-05-11 13:10:43

””””SHANGHAI, May 11 (Xinhuanet) -- Indonesian Finance Minister Dr. Boediono said here Saturday that the Indonesian government will try every means to anchor for economic recovery.

””””The political and social stability leads to increasing confidence and lending support to the government's economic program in Indonesia. The renewed confidence, stronger Rupiah, falling interest rates, moderating inflation will provide essentials for the economic growth, he said at the 35th annual meeting of the Asian Development Bank here.

””””Consensus has been reached between the government and the parliament to control the deficit within 2.5 percent of the Gross Domestic Product for fiscal year 2002. The fuel price has been raised since January, and within a range, it changes to the world prices, he added.

””””Boediono said, "we hope to achieve taxation goal. Indonesia hasa relatively low tax to GDP ratio and we will adopt a series of measures to reform it."

””””He noted the government will also nurture a maturing debt market. Now the government debts have been issued in market. Enditem

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