BI Survey: Second Quarter Economic Growth will 5,1-5,5 Percent

Survey of Bank Indonesia (BI) with market perceptions of macroeconomic conditions in the second quarter 2010 will increase and grow in the range of 5,1-5,5 percent.

BI on the survey, Thursday (8/4/2010), estimate, macro-economic conditions in the second quarter will be better than the first quarter of 2010. BI survey involved 68 respondents from the average of the total active respondents who were 75 respondents.

Most respondents (39.7 percent) expect economic growth in second quarter-2010 will be in the range of 5,1-5,5 per cent, or higher than expected economic growth in the first quarter of 2010 amounted to 4.1 to 4.5 percent.

Increased economic growth in second quarter-2010 growth in line with rising expectations tercemin export performance of the current account surplus is expected to slightly increase compared with first quarter 2010.

Meanwhile, there are as many as 22.1 percent of respondents said the economy is at 4,6-5,0 per cent, and amounted to 20.6 percent of respondents predict the economy only grew in the range of 4,1-4,5 percent.

Respondents also believe that by offering better food crops and harvest the first quarter of 2010 to reduce inflationary pressures in the year in the second quarter of 2010.

On the other hand, external pressure from imported inflation (inflation caused by imported goods) is still at least where conditions are relatively stable exchange rate.

Annual inflation in the second quarter 2010 is estimated by the majority of respondents (48.5 percent) in the range of 2,1-3,5 percent.

Meanwhile, most respondents (26.5 percent) predicted that inflation will be at 3,6-4,0 percent (yoy), even only as much as 13.2 percent of respondents expect inflation in the range 4,6-5,0 percent (yoy).

This survey also estimates the exchange rate in second quarter 2010 were relatively stable, because encouraging the improved export performance.

Export performance of a positive influence on the condition of the rupiah against the dollar, where as many as 80.6 percent of respondents are optimistic that the exchange rate in second quarter-2010 is expected to be in the range Rp9.001-9500 per U.S. dollar, meanwhile, as many as 17.9 percent of respondents expect the exchange rate at Rp9.501-10.000 per U.S. dollar.

Current account surplus in second quarter-2010 is estimated larger than the first quarter 2010.

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Quarter I 2010, Indonesia's debt reached Rp 67.3 trillion

Jakarta-During the first quarter of 2010 (January-March 2010), the Indonesian government to increase the amount of cash back debts amounting to Rp 67.3 trillion. Total debt was obtained from the sale of debt securities or government securities (SBN).

This is mentioned in the announcement of the Directorate General of Debt Management Department of Finance, Saturday (3 / 4).

Of the total Rp 67.3 trillion, a total of Rp 37.4 trillion, which was obtained through the auction of Government Securities (SBN). Until 1 April 2010, the total realization of the issuance of SBN either through auctions, bookbuilding, as well as private placements had reached Rp 67.3 trillion or 38.5% of the total target for 2010 gross issuance.

In the year 2010 in accordance with state budgets in 2010, the government will seek through the issuance of debt amounting to Rp 104.4 trillion SBN. Target announced only consider the issuance of SBN by auction and do not include publicity through bookbuilding (SBN SBN foreign exchange and retail) and private placements.

In the second quarter of 2010, the government will publish SBN via auction at Rp 29.4 trillion.

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Indonesia's debt ratings Rise


JAKARTA - The international rating agencies (Standard and Poor's S & P) raised the long-term ratings of foreign currency (debt rating) Indonesia to BB from BB-and long-term local currency of the original remains in the BB +.

"Outlook for both ratings is positive defined," said Director of the Directorate of Strategic Planning and Public Relations Dyah NK Makhijani, issued a statement, in Jakarta, Friday (12/3/2010).

With rising ratings, he added, Indonesia just two notches better investment levels, and positive outlook indicates that Indonesia is likely to get a rating increase in the next year.

Sovereign's President S & P analyst Agost Benard to Indonesia, said that the main factor is the increase in the ratio of government debt ratings continue to improve gradually.

"Increased foreign exchange reserves to support the reduction of susceptibility to shock and fiscal policy management istorikal careful," Bernard said a press release natural.

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Total Debt RI rise 25% Become Rp1.617 T


JAKARTA - The total government debt has reached 25.8 percent in GDP jumped Rp1.617 trillion, in which 62.6 percent or Rp1.012 trillion in SBN and Rp605, 1 trillion came from loans.

"Compared with the year 2005, government debt increased by 23.2 percent or a total of Rp304, 1 trillion. SBN high yield 10-11 per cent, the debt is more expensive than the current loan rate LN-four percent," said House Budget Chairman Harry Azhar Azis, RI in the dialog Political Economy, Budget-P 2010: Commitment to Economic Development, Building BPPT, Jakarta, Monday (5/4/2010).

"Although SBN cheaper than commercial, the debt burden should remain tragically SBN. Full, see SBN outstanding, SBI 3 months, or publication of the coupon yield, exchange rate, and composition of publicity," he said.

Ability of government debt to 30 percent, he said, the scenario does not need long-term deficit and not to raise the economic burden in the future.

"Setting the maturity date, tightening of implementation, cost-benefit for a productive debt, not into the pitfalls of debt," he said.

Meanwhile, the change in revenue deficit financing, grants and total expenditure deficit increased from Rp98 trillion (1.6 percent of GDP), so Rp129, 8 trillion (2.1 percent of GDP). "This is a government proposal," he said.

Meanwhile, the deficit reached Rp129, 8 trillion (APBN-P in 2010) means an increase of Rp31, 8 trillion, equivalent to 32.5 percent, compared with the 2010 state budget. "This is financed from non-debt sources of financing and debt financing Rp106 trillion to Rp23, 8 trillion," he said.

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