Anggito: Fiscal Stimulus prop 4.3 Percent Economic Growth

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- Head of the Department of Finance Fiscal Policy Anggito Abimanyu flushing megatakan fiscal stimulus of Rp 73.3 trillion last year proved to save Indonesia’s economy from the impact of global economic crisis. According to him, if the government does not menerapakan stimulus then in 2009 economic growth will reach only 2.9 percent.

“Since we rolled the fiscal stimulus of economic growth reached 4.3 percent. Try if not without the stimulus, the economy grew just 2.9 percent. If the House does not agree that the economic stimulus could be worse,” said Anggito, during a hearing with Commission XI DPR, Jakarta, Monday (1/2/2010).

He explains, a new application of this stimulus was the impact in the fourth quarter. Providing stimulus for the most was the impact of infrastructure is spending stimulus. “Unfortunately, the impact occurred in the fourth quarter, when the crisis at the time of the first and second quarter. The greatest impact is, in terms of shopping but its effectiveness is a tax break because he was directly applicable,” he explained.

In perjalananya, the implementation of fiscal stimulus is not very desirable. Absorption of infrastructure stimulus is still halting.


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