GOVERNMENT SET TARGET OF ECONOMIC GROWTH AT 6.4% BY 2011

The Government set target of economic growth at 6.4% by 2011 and 7% by 2013, after only having scored economic growth of 6% in 2010. Coordinating Minister Hatta Rajasa, in making the statement was optimistic that such targets would be achieved.

“Obstacles of regulations we would overcome, from bottlenecking to the Law and Land Procurement at Parliament, we responded to tax regulations to create a new climate in Indonesia”, Hatta Rajasa told the press amidst interval of meeting on economy led by President Soesilo Bambang Yudhoyono at the Bogor Palace, Thursday [30/12].

The targets for economic growth set above, according to Hatta were in accordance with the roadmap of 2014. Based on the assumptions, economic growth by 2025 would be above 7% to 8%. With reference to economic growth the 2010 which was posted at 6%, today Indonesia ranks among the 16 top high-growth countries of the world.

Furthermore, Indonesia has the opportunity of more economic growth, considering the range of infra-structure projects begun, starting from infra-structure building at Tanjung Priok Seaport and Mass Rapid Transportation to commence construction by 2011, the ground breaking of which start in 2012, not to mention toll road construction in various locations. The Government planned to start to build monorail integrated in Jakarta Metropolitan transportation system.

To be Among Top Ten Nations

Furthermore in was envisaged that by 2025, Indonesia would be one of ten greatest economic powers of the world. By that time, Indonesia’s Gross Domestic Products would reach US$ 3,7 to US$ 4.4 trillion while per capita income would reach US$ 12,800 to US$ 16,160 per annum. These are all written in Vision 2025 prepared by the Government.

Pursuant to that matter the Government had drawn a roadmap in which six corridors of forex resources had been designed. The corridors were designed by sectoral and regional approach. They were designed to manage natural resources that were manufacturing oriented. They were more than just designed to export raw materials. “We have identified all corridor regions starting from Sumatra, Kalimantan, Papua, Sulawesi, Northern Maluku, West Nusa Tenggara, and Bali. Clear enough, there is no natural resources which we do not benefit and turn them into forex”.

In the clusters in Java was being developed textile industry and automotive industry. Kalimantan, Sulawesi, up to Papua were being developed as well. For example, development of food estate and mineral industry in Merauke, food industry in Mebneramo, and petro-chemical industry in Mimika and surrounding. “We have schemed up the time frame and hopefully things start to roll by 2011” Hatta remarked, and added that Indonesia had a wealth of resources such as natural gas, geothermal, coal, cacao, palm oil, tin, nickel, and bauxite which were golden opportunities not being exploited to the maximum.