2013 state budget to strengthen domestic economy: minister

Jakarta — Coordinating Minister for the Economy Hatta Rajasa said the 2013 draft state budget as an instrument of the fiscal policy has a function to strengthen the domestic economy and is strategic to resolve problems and challenge of the world economic slowdown.

“The draft state budget also has an important role in accommodating the anticipatory measures to solve crisis,” Hatta said in a press conference, here on Friday.

The nation`s economic condition in 2013 is expected to be better than the last year`s in line with the world economy which is also expected to grow by 3.9 percent next year, Hatta said.

“The economic growth is supported by the contribution of 1.9 percent from developed countries and 5.9 percent from the developing countries,” he said.

Such increase is also in line with an improvement of the world trade activities which are predicted to grow by 5.1 percent from 3.8 percent in 2012.

Nonetheless, the recovery of the global economic condition is still haunted by the economic strains due to the high debt burden of the European countries, he added.[]

Antaranews

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