President Yudhoyono admits shortcomings but results also real + Trade deficit caused by oil imports : Minister
President Yudhoyono admits shortcomings but results also real
Fri, August 2 2013 20:21 |Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono said that much has been achieved in the past nine years of his government although problems still exist.
My conclusion is what we have done in the past nine years have brought results."
In view of that he called on his cabinet ministers here on Friday to immediately act to overcome the shortcomings in the development programs so that at the end of the term maximal achievements could be made.
"My conclusion is what we have done in the past nine years have brought results. Indeed there are still problems here and there and so in the remaining years we have to overcome them," he said when opening a cabinet meeting.
President Yudhoyono, who is to end his term of office next year, said based on his observation during a Ramadhan tour in the past few days in East Java he saw that development programs in a number of regions in the province had gone well.
"Indeed there are still shortcomings but progress in the life of the people has been real and concrete. The ministers that accompanied him also shared his view. When we met with the people we heard no superfluous complaints or demands. This is good," he said.
He said that "we have observed the life of farmers, fishermen, workers, education, health service, basic infrastructure and others. We have seen real progress has been made at community level in East Java."
(Reporting by Panca Hari Prabowo/H-YH/A014)
Editor: Priyambodo RH
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Trade deficit caused by oil imports : Minister
Fri, August 2 2013 23:58 | 124 ViewsJakarta (ANTARA News) - Trade Minister Gita Wirjawan blamed fast growing oil requirement and imports for the country`s trade deficit.
Trade Minister Gita Wirjawan predicted the country`s trade deficit would rise to US$5 billion in the whole of the year.
"Imports of oil have continued to climb," Gita said here on Friday.
He said deficit in oil and gas trade balance still the largest contributor to the country`s trade deficit of US$3.3 billion in the first half of 2013.
He predicted the country`s trade deficit would rise to US$5 billion in the whole of the year.
Meanwhile, a chairman of the Indonesian chamber of commerce and industry Didik J. Rachbini blamed the deficit on economic policy of being far from satisfactory.
Didik said the country has four types of deficit including current account deficit, trade deficit, balance of payment deficit and primary deficit of the state budget, that would be an economic legacy for the next president.
Indonesia will elect its new president next year.
Earlier, Chief Economics Minister Hatta Rajasa said the country`s growing current account deficit was caused by oil price fall.
Surplus could be maintained in the trade of commodities other than oil and gas, but deficit is high in the service sector as well as in oil and gas sector, Hatta said.
He said the prices of a number of the country`s main export commodities such as crude palm oil , coal and rubber had also declined.(*)
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