The Finance Ministry has predicted that Indonesias economic growth will stay at 5.0 percent this year due to several factors including spending cut.
Finance Ministry projects growth to reach 5 percent this year 14 , 2016 | Source: Antara News The Finance Ministry has predicted that Indonesias economic growth will stay at 5.0 percent this year due to several factors including spending cut. "One of the triggering factors is government consumption which falls to 3 percent due to spending cut," the head of the ministrys fiscal policy board Suahasil Nazara said at a working meeting with the House of Representatives Budget Committee at the Parliament Building here on Tuesday.
The Indonesian government has ensured that people in the age group of over 18 years will receive the COVID-19 vaccine to expand vaccination coverage to 70 percent across Indonesia.
The Indonesian government plans to issue savings sukuk (Islamic bonds), series ST007, to expand the base of retail investors in the domestic financial market and finance green projects in the state budget (APBN).
President Joko Widodo recently signed a regulation specifying the procurement and immunization schedule for the COVID-19 vaccine for Indonesia, which has been battling the deadly disease since March 2 this year.
President Joko Widodo on Wednesday said the coronavirus pandemic has reminded the nation and the state of the importance of science and technology.
Indonesian Foreign Affairs Minister Retno Marsudi offered her condolences and sympathies to the families of the victims of the explosion that rocked Beirut in Lebanon on Tuesday evening.
Indonesia is working with South Korea to develop a vaccine for the novel coronavirus disease, in addition to collaborating with China.
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