Wednesday, 24 October 2018 | 03:01 WIB

Finance Minister Responds to Indonesian Statistics’ Version of National Economic Growth

Minister of Finance, Sri Mulyani.

JAKARTA, NNC - Minister of Finance, Sri Mulyani said that the economy had grown positively. However, her ministry claimed there are still many home works to be done, especially in terms of trade deficit.

"The 5.27 percent growth is accompanied by our deficit trade balance. We are growing but still importing even more," she said at the Indonesian Exporters Gathering at the Head Office of the Directorate General of Customs and Excise, Jakarta, Tuesday (8/7/2018).

The Minister added that Indonesia's exports were not as high as imports, and Indonesia experienced a trade balance deficit. "That's what we need to improve," she said.

Previously, Indonesia Statistics (BPS) publish a release of this year’s second quarter stating that there is a positive note on purchasing power and Indonesia's household consumption levels. At the last report, purchasing power grew by 5.14 percent.

From his notes, the first quarter of 2018 recorded 4.95 percent, second quarter 5.14 percent. In 2017, first quarter 4.94 percent, second quarter 4.95 percent, third quarter 4.93 percent (TT), and fourth quarter 4.97 percent.

Based on BPS data, since the beginning of the third quarter of 2014 household consumption figures in the second quarter of 2018 is now the highest.