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The constructive influence of the coverage reform is predicted to additional strengthen the belief of international buyers to put money into Indonesia.
Jakarta (ANTARA) – Indonesia’s steadiness of funds (BOP) in 2021 was fairly resilient amid world stress attributable to the escalation of the pandemic and the US Fed’s tapering, in accordance with the Finance Ministry’s Fiscal Coverage Company (BKF).
“It’s fairly a vital achievement since BOP is without doubt one of the pillars of our nationwide macroeconomic stability,” BKF Head Febrio Kacaribu mentioned in a press release issued right here on Saturday.
The BOP confirmed a constructive efficiency in 2021 by recording a surplus of US$13.5 billion or 1.13 p.c of the gross home product (GDP), which was considerably increased than the excess of US$2.6 billion recorded in 2020, he famous.
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Moreover, Indonesia’s present account steadiness recorded a surplus of US$3.3 billion or 0.3 p.c of the GDP in comparison with a deficit of US$4.4 billion in 2020, he mentioned.
As well as, the capital and monetary account steadiness surplus rose to US$11.7 billion, or 1 p.c of the GDP, in 2021 from US$7.9 billion in 2020, the BKF head.
In the meantime, direct funding surplus elevated to US$16.49 billion in 2021 from US$14.14 billion in 2020 due to the home financial system, which began to get well, he mentioned.
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Structural and coverage reform to enhance Indonesia’s funding local weather — such because the issuance of the Tax Regulation Harmonization Legislation in October 2021 — was in a position to retain buyers’ confidence for investing long run within the nation, he added.
Therefore, within the fourth quarter of 2021, there was a rise within the direct funding surplus, which reached US$3.4 billion, he mentioned.
“The constructive influence of the coverage reform is predicted to additional strengthen the belief of international buyers to put money into Indonesia,” he added.
Nevertheless, there may be nonetheless excessive uncertainty in world monetary markets, consistent with the tightening of financial insurance policies of developed international locations, that are prone to have an effect on funding in Indonesia, he mentioned.
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