The Indonesian government deeply wary of the debt crisis that occurred in Europe. At least there are some things that need to be done, one of which focus on work and do not need to be debated.
It is delivered by the Coordinating Minister Hatta Rajasa to detikFinance when on the sidelines of his visit to Astana, Kazakhstan, Wednesday (05/23/2012).
"The crisis of Europe can not be taken lightly. Greece's financial crisis is compounded by the political situation and declining ratings in several countries as well as the weakening of the euro and the declining confidence in financial markets could make the financial crisis triggering the economic crisis," said Hatta.
He said Indonesia needs to be aware of the situation in Europe as an indirect debt crisis conditions in Europe could affect the current lack of investment into ASEAN and East Asia including Indonesia.
"The funds will be sucked into many European banks are experiencing a liquidity crisis. But we are somewhat optimistic with the stimulus of the G8 countries," he explained.
Current financial capacity of the large European countries such as Germany and France are very limited which causes stunted economy. Not to mention the United States still has a huge PR boost for the economy and unemployment.
Hatta said there are some things that will do the government to Indonesia to be immune from the impact of the economic crisis that occurred in Europe.
"The first is the coordination of fiscal and monetary matters. For stable rupiah, inflation maintained, and maintain the momentum of investment and balance of payments," said Hatta.
And second, keep the state budget remains healthy and reduce unnecessary spending. "The focus of the infrastructure capital expenditures, to prevent leakage (budget), and increase state revenues (non-tax revenues)," he added.
Third, continued Hatta, the government would expand the exports and increase in the domestic market as well as preventing imports increased sharply.
"Increase public savings because we are saving a very small, only 32% of GDP, or the smallest compared to other countries. It's one of the factors of domestic sources of financing are very limited," said Hatta.
The Government is also committed to reduce the debt, unless the government takes the economic stimulus funding to do in the face of the crisis of Europe.
"Fourth, a lot of work, do not talk much and unnecessary polemic," he said.
Source : Detik Finance, 23 May 2012
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