JAKARTA -- Bank Indonesia (BI) believes, despite the rupiah against the US dollar (US) weakened, but is expected in the current account deficit or current account deficit (CAD) in the first quarter of 2015 still could be reduced below 2% of GDP (Gross Domestic Product).
Similarly, the statement as submitted by the Executive Director of the Economic and Monetary Policy BI, Juda Agung, in Jakarta, Friday, March 20, 2015. "The current account deficit improved in the first quarter of 2015, still about 1.8% of GDP," he said.
Furthermore, he said that despite the current account deficit in the first quarter is predicted to improve, but it is not accompanied by strong economic growth. "However, our economic growth is still not high. Still at about 5%. Yes segitulah, "said Judah.
Previous separate place himself once said, that the estimates of the current account deficit could be reduced below 2%, is due to the lack of realization of infrastructure projects realized by the government Joko Widodo (Jokowi). "Because there is no infrastructure projects because it is still an auction," said Judah.
The current account deficit could be reduced in these figures because exports are expected to rise and imports declined. This is in line with the weakening rupiah had stepped on the level of Rp13.200 per USD, so the impact on increased exports.
As is known, in the whole of 2014, the current account deficit decreased from USD29,1 billion or 3.18% of GDP in 2013, became USD26,2 billion or 2.95% of GDP in 2014.
Based on BI data, the first quarter of 2014 the current account deficit reached USD4,1 billion (1.97% of GDP), then in the second quarter of 2014 at USD8,9 billion (3.97% of GDP). While in the third quarter of 2014 to reach USD6,9 billion (2.99% of GDP) and in the fourth quarter of 2014 at USD6,1 billion (2.81% of GDP).
It is thus the total current account deficit throughout 2014 at USD26,2 billion (2.95% of GDP) fell from USD29,1 billion (3.18% of GDP) in 2013. (*)
Similarly, the statement as submitted by the Executive Director of the Economic and Monetary Policy BI, Juda Agung, in Jakarta, Friday, March 20, 2015. "The current account deficit improved in the first quarter of 2015, still about 1.8% of GDP," he said.
Furthermore, he said that despite the current account deficit in the first quarter is predicted to improve, but it is not accompanied by strong economic growth. "However, our economic growth is still not high. Still at about 5%. Yes segitulah, "said Judah.
Previous separate place himself once said, that the estimates of the current account deficit could be reduced below 2%, is due to the lack of realization of infrastructure projects realized by the government Joko Widodo (Jokowi). "Because there is no infrastructure projects because it is still an auction," said Judah.
The current account deficit could be reduced in these figures because exports are expected to rise and imports declined. This is in line with the weakening rupiah had stepped on the level of Rp13.200 per USD, so the impact on increased exports.
As is known, in the whole of 2014, the current account deficit decreased from USD29,1 billion or 3.18% of GDP in 2013, became USD26,2 billion or 2.95% of GDP in 2014.
Based on BI data, the first quarter of 2014 the current account deficit reached USD4,1 billion (1.97% of GDP), then in the second quarter of 2014 at USD8,9 billion (3.97% of GDP). While in the third quarter of 2014 to reach USD6,9 billion (2.99% of GDP) and in the fourth quarter of 2014 at USD6,1 billion (2.81% of GDP).
It is thus the total current account deficit throughout 2014 at USD26,2 billion (2.95% of GDP) fell from USD29,1 billion (3.18% of GDP) in 2013. (*)
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