Jakarta (Antara) - The government will announce a new set of economic policies at the end of this month to retain and boost investment in the country, said Finance Minister Chatib Basri here on Friday. "The Finance Ministry is preparing a second round of packages for reform to retain investments," he noted. The new package of policies will reinforce the four policies that were recently formulated by the government to reduce the current account deficit, Chatib added. The new policies will aim at sustaining the atmosphere of investment and reducing the current account deficit so that the nation's economic fundamentals remain strong and investors' confidence in Indonesia increases, he observed. "Investors see which country has the smallest risk, whose current account deficit and fiscal deficit are not problematic, and where reform is really implemented," he said. Indonesia will ensure all three things so investors put their money in the country, he added. Meanwhile, Deputy Finance Minister Bambang Brodjonegoro said the new package of policies will contain regulations in the field of tax. These are expected to have a short- and middle-term impact on maintaining the current account, he stated. The policies will help attract direct investment and capital, boost exports, slow consumer goods imports, and reduce the country's dependence on imports of capital goods, he remarked. "Part of this package has a short-term dimension, such as that for exports and imports. It also has a middle-term dimension, such as that for investment and substitution of imported goods," he stated. (*)

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Editor : Tunggul Susilo


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