JAKARTA. The government is preparing several short- and long-term mitigation policies to overcome the country’s slowing economic growth caused by uncertainties in the global economy, says Finance Minister Chatib Basri. Chatib said that in the short term, the government would push the realization of foreign-currency-denominated financing sources through the issuance of government bonds and increasing the participation of state-owned banks in maintaining liquidity. He said the government had also increased the fiscal space in the 2014 state budget for public transportation, infrastructure, and social security and strengthening coordination measures to maintain the stability of financial system.
Govt ready to mitigate slower pace of growth in RI
JAKARTA. The government is preparing several short- and long-term mitigation policies to overcome the country’s slowing economic growth caused by uncertainties in the global economy, says Finance Minister Chatib Basri. Chatib said that in the short term, the government would push the realization of foreign-currency-denominated financing sources through the issuance of government bonds and increasing the participation of state-owned banks in maintaining liquidity. He said the government had also increased the fiscal space in the 2014 state budget for public transportation, infrastructure, and social security and strengthening coordination measures to maintain the stability of financial system.