Finance Minister tells suspicious analysts 'the govt never intervenes in statistics'. FMTNews Indonesia Economy
JAKARTA: Indonesia’s Finance Minister Sri Mulyani Indrawati defended the nation’s statistics, saying there was no manipulation of the economic growth figures after some analysts questioned the unusual stability of the data.
Indrawati said growth has held above 5% in recent years because household consumption, which accounts for 56% of the economy, has been growing more than 5%. “We are very open, we are very transparent about data, and we have never had a track record of fabricating data, whether in terms of inflation, GDP or unemployment,” she said.The questions raised by some analysts about the nation’s statistics are unreasonable and would “erode the confidence of our economic growth and policies,” the minister said.She said the economy will probably expand 5.05% this year, down from a revised forecast of 5.08%.
Growth may rebound in the fourth quarter with the new cabinet under President Joko Widodo expected to accelerate government spending, she said.“And we expect there will be more positive responses in investment with the presence of a new government.”Government spending may grow 6% to 8% this year with the ministries of transport and public works expected to speed up budget spending
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disinformation, surveillance seen as growing threats to democracy | The Malaysian InsightSocial media are increasingly used to manipulate elections and citizen monitoring.
Read more »
Colombia defence minister quits over children-killing cover-up claimsGuillermo Botero accused of manipulating report of military airstrike on drug trafficking gang. FMTNews Scandal Resignation
Read more »
RM329k suit: Azmin vows to settle outstanding travel billsEconomic affairs minister says he will pay up after studying the statement of claim filed by his travel agency.
Read more »
The Jho Low vs Zakir Naik paradox afflicting MalaysiaLETTER | Can India claim something similar to what Malaysia is claiming about Jho Low?
Read more »
UK PM's party branded 'shameless' for doctoring rival's Brexit clipConservatives manipulated video of Labour spokesman to give the impression that the party had no answer for Brexit. FMTNews UK
Read more »
Rubbish crisis brings cholera to Yemen’s historic city | The Malaysian InsightApart from being a breeding ground for pests, the decaying refuse leaches into waterways.
Read more »