The Indonesian government is allocating 60 trillion rupiahs (5.16 billion U.S. dollars) for short-term projects in 2009 in a bid to maintain economic growth, the Jakarta Globe on Wednesday quoted an official as saying.
"The global economic turmoil has impact on our national economy," said Rahadian Zulfadin, a fiscal risk analyst under the Indonesian Ministry of Finance.
According to him, the Indonesian government cannot rely on the private sector as the main source for development and has to intervene with stimulus packages.
In the 2008 state budget, the government had only allocated 500billion rupiahs for acquiring land needed for toll roads and 323 billion rupiahs for guarantee on power plant investments.
Figures released on Monday showed that Indonesia's gross domestic product was at its lowest growth rate in 18 months.
"We may ask for new loans and investment from the World Bank and Middle East countries to finance government expenditures," he said.
Source: Xinhua
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