Home » Eng (Page 12)
Category Archives: Eng
International 2013:Q3
Weakening growth of the world and regional economy, coupled with low of Indonesia’s international competitiveness, compounded with falling commodity prices, have all undermined Indonesian exports.
Figure 14 : Indonesia Trade Balance January 2011 – July 2013
Indonesia trade balance registered the largest record deficit so far
Source: BPS and CEIC (2013)
Indonesian trade balance deteriorated in July 2013. The trade balance recorded a deficit of USD 2.3 billion, which followed a deficit of USD 0.9 billion in June 2013. Cumulatively, from June to July, 2013, Indonesia has posted a trade balance deficit of USD 5.6 Billion.
Developments in Government Finances and Fiscal 2013:Q3
A. Developments in the Fiscal
The economic growth in quarter II-2013 stood at 5.8% (yoy), was lower than 6.3% posted in quarter II- 2012. The slowdown of Indonesian economic growth had adverse effect on low state revenues. The realization of state revenue by 31 August 2013 was IDR 844.9 trillion, which was higher than IDR 798.36 trillion posted during the same period in 2012. However, state revenues recorded in August 2013 of 56.3% of the target set in the Revised State Budget 2013 (APBN-P 2013), is lower than the achievement of 58.7% of the Revised State Budget 2012 (APBN-P 2012).
Developments in Monetary Sector 2013:Q3
A. Money Supply
In July 2013, the central bank recorded money supply of M1 and M2 amounted for IDR 903.23 trillion and IDR 3,529.66 trillion respectively. To that end, M1 registered an increase of 17% (yoy) in July 2013, which is higher than 10.2% recorded in the previous month. Meanwhile, M2 increased by 15.5% in July 2013 which is higher than 11.9% (yoy) in June 2013.
High growth in money supply during Ramadhan and Eid Mubarak contributed to inflation in August 2013. Based on Bank Indonesia data, the population withdrew IDR 97 trillion during July 10- August 2, 2013 , which is 94.1% of IDR 103.1 trillion predicted as money required by the population during the Eid season.