Indonesia eyes up to 5.6pc growth in 2020

21st May, 2019 11:29:55 printer

JAKARTA: Indonesia is aiming for economic growth of up to 5.6 percent in its 2020 state budget on the back of apparent impetuses for growth throughout this year which may continue next year, Indonesia Finance Minister Sri Mulyani said here Monday.

Speaking in a parliamentary assembly to convey 2020 state budget and fiscal policy drafts, the minister said those impetuses are consumption, that has been steadily grew at around 5 percent, low inflation and expanding government's spending, reports Xinhua.

Higher growth for next year is also highly-expected to be contributed by exports and investments as government is improving the policies to support the two sectors, the minister added.