Jakarta, Indonesia (News Today) - Indonesian President Susilo Bambang Yudhoyono on Monday set out his goal for boosting Southeast Asia’s biggest economy, aiming for 7.7 percent growth by 2014 and slashing unemployment.
“With careful planning and proper implementation, we are optimistic in reaching the target. Accelerating economic growth is expected to increase job opportunities and reduce the unemployment level,” he said.
In a speech to parliament on the eve of country’s independence day, he said that reaching the growth target will enable the government to create 10.7 million new jobs and slash poverty by 8-10 percent. Yudhoyono is expected to unveil the draft budget for 2011 later Monday.
Southeast Asia’s biggest economy is currently expanding by at about five percent. It grew 6.2 percent in the second quarter of 2010 from a year earlier and foreign investment soared 46 percent in the first six months as confidence in the country continued to grow after the global financial crisis.
“It’s time that Indonesia not only walks, but walks faster and begins to run. It’s time that we don’t remain as a caged tiger but be a nation that is competitive on the international scene,” he said.
Indonesia emerged safely from the global downturn and its stock market is one of the best-performing in Asia because of strong domestic demand and strong exports of resources such as coal, palm oil and natural gas.
Source : kompas
Monday, August 16, 2010
SBY's Target to Slash Unemployment
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