REPUBLIKA.CO.ID, DENPASAR -- Bali's economic growth reached 5.8-6.2 percent in the first quarter of the year, higher than national economic growth within 5.6-6.0 percent.

Head of Public Relation of Bali's Provincial Government, I Ketut Teneng said that the growth was driven by a high investment value in the island.

"The business sectors are restaurant and hotel, agriculture and construction," Teneng said on Saturday.

Private investment in Bali reached 71.5 percent or 6.8 trillion IDR out of 8.65 trillion IDR of total value.  Domestic investment and foreign direct investment (FDI) in Bali reached 66.7 percent or 2 out of 3 trillion IDR of total value. Total investment value in Bali is expected to reach 18.90 trillion IDR in 2014.

The investment came from private sector, domestic and foreign investment, central government, provincial government, as well as city government. Teneng explained that provincial government funding was recorded at 436.86 billion IDR during the first quarter of 2014, while central government funding was recorded at 1.93 trillion in the same period.

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