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From The Editor
Friday, September 16, 2016 | Admin

Dear readers,

Many observers and economists consider that the economic growth will be difficult to reach the level of 5.2 percent as targeted by the government in the state budget. The growth achieved in the first and second quarter more or less confirms the signal. In the first three months of this year the growth only reached 4.92 percent and in the next quarter only 5.1 percent. According to Bank Indonesia’s projection, the growth will only be able to reach 5.04 percent.

Monetary and banking authorities that have been able to guess that the targeted growth will be difficult to achieve will issue policies that are expected to be able to assist the economy slightly to be close to the target. The government has also done so.

Bank Indonesia prepares macro-prudential policy relaxation by decreasing the percentage of property financing deposit. This measure is able to drive credit extension that began to slow down this year. Maybe the credit growth in this year will continue to be contained by weakening public buying power and consumption. Up to the second quarter it has just reached only 8 percent, still far from the 10-12 percent target up to the end of this year.

In the meantime, the government has introduced the 13th policy package that is also concentrated on property industry. This policy package is emphasized on acceleration of house provision for low income community with affordable price. This is implemented by simplifying, simultaneously minimizing developer’s regulation and cost to build houses. Last year the Financial Services Authority (FSA) made a relaxation by issuing 35 policies.

The collaboration of those three authorities is aimed at driving and saving the economic growth of this year. In the main article You are going to read in next pages we present an article that analyzes the economic condition and its challenges in this year. There will also be a brief overview of those three authorities’ policy.

In the second article we will analyze the importance of the consumer sector in the eyes of the authorities so that they make the sector as the hope for the future to drive growth. This will also discuss consumer credit developments several years before.

In the next article we will cut open the 13th package launched by the government last August. There will be discussed how far the package drives economic growth through the housing sector, then what the challenges from the related sectors are.

We will further discuss the LTV policy just launched by Bank Indonesia last end of August. Also by that policy, Bank Indonesia expects to be able to increase the domestic demand and drive economic growth. Banks’ respond on this policy will also be covered.

Moreover, we will also discuss the effectiveness of policies of the FSA that issued 35 regulations to drive the economy last year. This article will discuss the policy impacts either as a whole or by industry up to this year.

We will not forget to present several articles on tax amnesty to follow up our main article in the previous edition.

Please enjoy Your reading.


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Indonesia Banking Development Institute (LPPI)

Jl. Kemang Raya No. 35, South of Jakarta 12730
Phone            : +6221 – 7182860, 7182760
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Website          : www.stabilitas.co.id

 
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