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Government to Issue Economic Package in Response to Economic Slowdown

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The Indonesian government, in the near future, will issue an economic policy package to respond to the current economic slowdown.

“The president has ordered a major economic policy package that should be ready to be implemented by next week. The policies will address issues in the real estate sector, the economy, deregulation, the creation of new policies, and tax holidays. The finance minister will explain about it at noon,” Coordinating Minister for Economic Affairs Darmin Nasution stated at the presidential palace complex, here on Thursday.

The new economic policy package will be issued in response to the current economic problems.

“The objective is to facilitate economic activities and to encourage the inflow of investment. We need that now,” Nasution noted.

Earlier, Finance Minister Bambang Brodjonegoro said he was more concerned about the global economic uncertainty than the economic slowdown.

“Is there a global economic slowdown? Yes, there is, but for me, it is not the one that worries me.
What needs our attention is the global economic uncertainty that would weigh on many countries, including Indonesia,” the minister emphasized here on Thursday.

He added that the government and the business community should be responsive to the dynamic global economic condition.

News Correspondent.
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