JAKARTA - Minister of Finance (Menkeu) Sri Mulyani Indrawati is optimistic that the Indonesian economy by the end of 2021 can grow to reach around 4 percent or higher than the OECD and IMF estimates.
"Our projection is that by the end of the year it could reach 4 percent, higher than the IMF's 3.2 percent and the OECD's 3.7 percent," said Minister of Finance Sri Mulyani at a KSSK press conference quoted by Antara, Wednesday, October 27.
She said the projections from the two multilateral institutions were too low because the economy in the third quarter of 2021 could grow 4.5 percent, in line with the effective control of COVID-19 cases.
"This projection is based on a country that can control COVID-19, especially the Delta Varian, and we hope it will continue to be maintained until the end of the year and next year," said Sri Mulyani.
She also emphasized that the provision of vaccinations and the implementation of health protocols (prokes) could be the key to normalizing the recovery of economic activities which must continue to be carried out optimally.
In addition, she said, the implementation of the state budget expenditure will be another factor in restoring economic activity, which is supported by rising commodity prices such as CPO and coal which can provide additional revenue.
"All of this will lead to economic recovery and the ability to survive in the production sector that will improve, including continuing to maintain financial system stability," said Sri Mulyani.
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