Indonesia: Recent Economic Developments
September 6, 1996
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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.
Subject: Banking, Commodities, Credit, Expenditure, Exports, Imports, International trade, Money, Oil
Keywords: Asia and Pacific, broad money, CR, Credit, current account, debt service, Europe, exchange rate, Exports, fiscal year, foreign currency, Imports, ISCR, North America, Oil, private sector, real GDP, working capital
Pages:
119
Volume:
1996
DOI:
Issue:
092
Series:
Country Report No. 1996/092
Stock No:
1IDNEA0011996
ISBN:
9781451818192
ISSN:
1934-7685
