In the interest of Rupiah, BI supports the government plan delays infrastructure projects | INews Portal



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JAKARTA, iNews.id – Bank Indonesia (BI) supports the government's plan to select a number of infrastructure projects to be postponed due to the importation of too much property. # 39; s equipment. The reason is that imports are too high to bring down the supply of US dollars in the country and depresses the rupiah

"But, yes, projects are important, but we can see what the priorities are. a little delayed and maybe later can be pursued again, "said BI Senior Vice Governor Mirza Adityaswara, Jakarta, Sunday, July 29, 2010

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Up to now, the trade balance of Indonesia has only been twice surplus in 2018, that is to say in March and June. Finally, the Central Bureau of Statistics (BPS) recorded a trade balance in June 2018 with a surplus of 1.74 billion dollars. This is influenced by a $ 2.14 billion non-oil surplus that is able to cover oil and gas deficits, especially petroleum products. The cumulative trade balance from January to June 2018 remains a deficit of 1.02 billion US dollars. I

Mirza reiterated that the current account deficit ( current account deficit / CAD) this year will exceed 25 billion US dollars due to the increase in the value of imports. While widening, the deficit is still safe because it is below the 3 percent range against gross domestic product (GDP).

"This year is estimated at 25 billion US dollars or more, but it's good that we are more selective about what projects – the poryek that have important imported content can be a little delayed, so that 39, the acceleration of imports is somewhat limited, "he said. [ad_2]
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