Indonesian President Susilo Bambang Yudhoyono said Wednesday his country will launch a stimulus next year to boost the economic growth as an effort to cushion the deepening impact of global recession.
"There is a stimulus on top of the state budget (in 2009)," Susilo told a press conference after a cabinet meeting on Wednesday afternoon.
Some of the stimulus-supporting funds will be obtained from the recovered-international bond market, as the country plans to issue the global debt next year.
Susilo did not mention how big is the stimulus, but, according to Indonesian acting Coordinating Minister for Economy Sri Mulyani Indrawati, the Indonesian government will spend up to 9.2 billion U.S. dollars for the infrastructure construction next year as against 5.5 billion U.S. dollars in 2008.
President Susilo also said at the press conference that he would prioritize to create jobs, manage inflation and combating corruption in 2009, adding that the country needs to sustain its good outlook of inflation rate next year in a bid to give rooms for the central bank to spur economic growth by cutting the interest rate.
The Indonesian government predicted that the country's economic growth in 2009 will reach 4.5 percent, which was 6.3 percent in 2007 and estimated at 6 percent in 2008.
Source:Xinhua
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