Indonesia : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

September 6, 1996

Summary:

This paper reviews economic developments in Indonesia during 1994–96. Following the easing of domestic demand pressures, the focus of monetary policy shifted in early 1993/94 to supporting economic growth, as concerns developed over an incipient weakening of export performance and output. At the same time, the fiscal position was strengthened. Reflecting the strong growth in non-oil/gas revenue, the overall central government deficit, excluding oil/gas revenue, declined by 2 percentage points of GDP. With the shift in monetary policy, interest rates declined rapidly, and there was a strong pickup in credit to the private sector.

Series:

Country Report No. 96/92

Subject:

English

Publication Date:

September 6, 1996

ISBN/ISSN:

9781451818192/1934-7685

Stock No:

1IDNEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

119

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