The Indonesian President Susilo Bambang Yudhoyono said Tuesday that Indonesia should gradually become economically self-reliant, so that the country would not be easily affected by global crises, the national Antara News Agency reported.
"Our sources of investment and domestic funds should be strong so that we don't need to rely on foreign loans," Yudhoyono said, adding that the nation also should develop its comparative advantages.
The proportion of foreign funds in Indonesia's development budget had continued to drop. At one time, foreign funding accounted for 70 percent of the development budget but the figure now had declined to 20 percent.
He said that Indonesia should focus on the survival and the future of next generation through economic equality so as to have sustainable economic growth, and strengthen the domestic economy by encouraging economic autonomy at regional level.
Source: Xinhua
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