IMF Cuts Indonesia's Economic Growth Target, Ministry Of Finance: Still Within The Government's Range

Illustrations (Photo: Doc. VOI)

JAKARTA - The International Monetary Fund (IMF) has released reports on the development of economic growth in a number of countries. In its review, the global organization cut its projection for Indonesia's economic growth by 0.4 percent from 2021.

According to the Head of the Fiscal Policy Agency (BKF) of the Ministry of Finance, Febrio Kacaribu, what the IMF has done is a prediction based on current conditions.

"The projection of Indonesia's economic growth from the IMF for the 2021 period is 3.9 percent. This level is still within the government's projection range of 3.7 percent to 4.5 percent," he said in an official release, Wednesday, July 28.

However, the government called Febrio only focuses on efforts to handle health in the country while accelerating the national economic recovery.

"Indonesia will continue to take advantage of the still conducive global economic outlook, while continuing to be aware of the risks," he said.

For this reason, the government's strategy going forward is to remain focused on efforts to control the pandemic, protect people's welfare and encourage national economic recovery, and continue to improve competitiveness.

"Indonesia continues to strengthen policies in terms of health and social protection as shown by extending PPKM Level IV until August 2, 2021 in order to continue to control the pandemic, and now it has begun to show a decline in cases," he said.

In terms of vaccination, Sri Mulyani's subordinate said that the government is still trying to distribute vaccines at the rate of 1.5 million doses per day, and will continue to be gradually increased to 2 million doses per day.

Meanwhile, until July 27, 2021, the cumulative total of vaccines that have been given to the public has reached 63.94 million doses.

"Through tightening policies and various efforts made in the health sector, Indonesia is expected to be able to overcome the surge in the COVID-19 pandemic, so that the economic recovery process can run well," closed Febrio.