Finance Minister Chatib Basri said the government would announce a package of economic policy volume two which aims to reduce the current account deficit , on Monday ( 9/12 ) .
" I 've signed the rules overnight , simply press conference Monday , with the pack Hatta ( Minister of Economy ) and pack Hidayat ( Minister of Industry ) , because it deals with the manufacturing sector , " he said in Jakarta on Friday .
Chatib ensure the package includes a rise in income tax article 22 of imported goods to reduce imports of consumer goods and associated regulations Ease Import Export Purpose ( KITE ) to encourage exports .
" Pph section 22 to reduce imports , and export facilities in order KITE becomes easier , these days ( draft regulations ) has been brought to Menkumham , " he said .
Earlier, in August 2013 , the government has issued a package of economic policy that consists of four main package to keep the national economy from the impact of changes in global economic policy .
The first package , related efforts to improve the current account balance and maintain the exchange rate is to boost exports and provide additional tax relief for labor-intensive exports that have export at least 30 percent of the total production .
Then , reduce imports of oil and gas by encouraging the use of biodiesel , set import duties on luxury goods is now 75 per cent to 125-150 percent , and improve mineral export quota by giving relaxation .
The second package is intended to maintain economic growth , the budget deficit is to ensure safety in the range of 2.38 percent to GDP and increase tax incentives for labor-intensive industries .
The third package of related efforts to maintain the purchasing power and the rate of inflation is an increase in the government's commitment to change the marketing price of a commodity in a market for easily distracted and improve coordination with Bank Indonesia to maintain inflation .
Last or fourth package is an attempt to accelerate the investment by simplifying licensing through the effective functioning one stop service and simplification of licensing types concerning investment activities .
In addition , the government revised regulations will accelerate the negative investment list ( DNI ) , accelerating investment in export-oriented sectors by providing incentives , as well as accelerate the renegotiation of mining contracts of work .
Implementation of the package has been beneficial to reduce the current account deficit . It is seen from the mandatory use of biodiesel has saved foreign exchange for import of 200 million U.S. dollars by the end of November , and is predicted to save about four billion dollars in 2014 .
In the third quarter , the current account deficit stood at 3.8 percent of GDP ( 8.4 billion dollars ) and is expected to reach 3.5 percent of GDP at the end of the year . Bank Indonesia expects that by 2014 , the current account deficit in the range of 2.5 percent to GDP .
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