Improvement of the current account deficit in Indonesia took time
Indonesian revamping the current account deficit can not take place quickly because of improved economic foundation so that it reduced the deficit figure takes time .
" I did not say nothing can be done , " said Chairman of the Indonesian Economists Association ( ISEI ) Nasution in Independent Media Training in Yogyakarta on Friday .
Nasution who is also a former governor of Bank Indonesia ( BI ) argues that the current account deficit was due to the absence of a clear plan of industrialization .
So that when the economic growth and national industry well , can not be produced raw goods and adequate capital . This resulted in the amount of goods imported to the needs .
In addition , he said , the national food sector is also no adequate policies that Indonesia depends on imports .
It should be anticipated that the food problem defined national needs can be met .
The fall in prices of some commodities at the international level as well as the lack of traction in the government's policy in the sector of fuel oil ( BBM ) is also a contributor to the deficit .
Current account deficit in the third quarter of 2013 shrank to $ 8.4 billion or 3.8 percent of the Gross Domestic Product ( GDP ) compared to the previous quarter to reach 9.9 billion dollars ( 4.4 percent of GDP ) .
Data Bank Indonesia ( BI ) said improvement in the current account was driven by the increase in non-oil trade surplus due to lower non-oil imports are sharper than the decline in non-oil exports , as well as deficit reduction and revenue services .
BI on Tuesday ( 12/11 ) to raise further interest rate (BI rate) by 25 basis points ( bps ) to 7.50 per cent which is expected to slow economic growth to lower imports .
Indonesian revamping the current account deficit can not take place quickly because of improved economic foundation so that it reduced the deficit figure takes time .
" I did not say nothing can be done , " said Chairman of the Indonesian Economists Association ( ISEI ) Nasution in Independent Media Training in Yogyakarta on Friday .
Nasution who is also a former governor of Bank Indonesia ( BI ) argues that the current account deficit was due to the absence of a clear plan of industrialization .
So that when the economic growth and national industry well , can not be produced raw goods and adequate capital . This resulted in the amount of goods imported to the needs .
In addition , he said , the national food sector is also no adequate policies that Indonesia depends on imports .
It should be anticipated that the food problem defined national needs can be met .
The fall in prices of some commodities at the international level as well as the lack of traction in the government's policy in the sector of fuel oil ( BBM ) is also a contributor to the deficit .
Current account deficit in the third quarter of 2013 shrank to $ 8.4 billion or 3.8 percent of the Gross Domestic Product ( GDP ) compared to the previous quarter to reach 9.9 billion dollars ( 4.4 percent of GDP ) .
Data Bank Indonesia ( BI ) said improvement in the current account was driven by the increase in non-oil trade surplus due to lower non-oil imports are sharper than the decline in non-oil exports , as well as deficit reduction and revenue services .
BI on Tuesday ( 12/11 ) to raise further interest rate (BI rate) by 25 basis points ( bps ) to 7.50 per cent which is expected to slow economic growth to lower imports .
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