REPUBLIKA.CO.ID, JAKARTA - President Susilo Bambang Yudhoyono (SBY) said on Friday the 2013 state budget is projected to reach 1,600 trillion IDR to increase economic growth rate. He said the government`s contributions to the state budget were relatively small. 

"The government`s contributions to the state budget reach 15 percent, and the rest comes from the private sectors. The government wants state-owned companies (BUMN) to be more efficient and private companies to invest in the master plan for the acceleration and expansion of Indonesia`s economic development (MP3EI)," he said on Friday.

The Indonesian economy expanded by 6.5 percent in 2011 rising from 6.1 percent in 2010. The Central Statistics Agency (BPS) said that Indonesia`s economy grew by 6.3 percent in the first quarter of 2012 on a year-on-year basis.

Industry Minister MS Hidayat said investment inflows in the country grew significantly by 120 percent in the past couple of years. He said Indonesia now had 16,000 hectares out of 25,000 hectares of land could be used as industrial estates.

"Since 2010 there has been investment booming in which the realization of foreign and domestic investment grew by more than 100 percent. The total investment inflows since 201 reached more than 200 trillion IDR," he said. 

Ikuti Whatsapp Channel Republika