JAKARTA, Feb. 6 (Xinhua) -- The Indonesian government would increase people's access to bank and health care in a bid to further improve their welfare, Deputy Finance Minister Mahendra Siregar said here Wednesday.
"Indonesia has the least bank accounts with a ratio of 45 percent from the population. This is very small if compared to peer countries in the region, for example the Philippines has a ratio of 75 percent," he said, addressing Fitch Ratings' economy outlook discussion entitled "Indonesia Beyond Investment Grade."
The government also planned to initiate a program aimed at increasing people's access to healthcare. The program, called Universal Health Care, projected to serve 90 million people during the initial period.
Indonesia is the largest country in Southeast Asia region with a population almost half of the region's total. Indonesia's population reached 240 million according to the results of 2010 census.
Mahendra also noted that the country is now facing issues that may hinder the largest economy in the region from attaining higher growth in the future.
"We had identified inadequate infrastructure, huge fuel subsidy and good governance as major issues that may hinder us from getting higher growth. The good governance is the most important one that need to the addressed seriously," he said.
If Indonesia fails to address the good governance issue, its growth would be in cross road, putting the country at risk of facing stagnant or even setback in its growth. The successive administrations are expected to be able to improve growth by implementing best practices in governing the country.
He said that Indonesia has experienced impressive above 6 percent growths in the last few years with 6.3 percent recorded last year.
"We had experienced nine consecutive quarters in seeing above 6 percent growth. No other country can do that except China," he said.
Indonesia has initially set target of a 6.8 percent growth this year along with much-expected recovery in global economies.
Mahendra added that the upcoming elections in 2014 would help boost the country's growth as the event would spur domestic demands like it was in the previous elections in 2009.