The Indonesian Government will try to cut the ratio of its public debt to 23 percent by the end of 2014 to achieve financial sustainability.
Indonesian President Susilo Bambang Yudhoyono revealed the target while announcing the draft 2014 state budget to the country’s House of Representatives (DPR) on August 16.
He noted that this ratio is far lower than those of other developing nations, many of which have reached as much as 33 percent.
In addition to reducing its debt ratio, Indonesia wants to increase per capita income in the country to 5,000 USD by 2014.
According to Statistics Indonesia (BPS), in March 2013 the country’s number of poor people accounted for 11.37 percent of its 240 million population.
Yudhoyono said if the country continues to maintain its annual economic growth of 5-6 percent, the rates of poverty and unemployment will drop. He pledged that programmes will be implemented next year to work towards these goals and boost the prosperity of the nation.-VNAcomments powered by Disqus