Jakarta, cartitleloans Indonesia
–
Minister of Finance (
Minister of Finance
)
Purbaya Yudhi Sadewa
revealed a big demonstration in Indonesia recently was the accumulation of policy errors
fiscal
and monetary.
“What the fathers (members of the Indonesian Parliament) felt were that the demonstration was due to prolonged pressure in the economy, due to fiscal and monetary policy errors, which we actually mastered,” he said in a Working Meeting (Raker) with the House of Representatives Commission XI in Central Jakarta, Wednesday (10/9).
Purbaya then questioned the work of members of the House of Representatives Commission XI so far.He wondered why Indonesia’s fiscal and monetary problems were not immediately overcome by the government, both from the executive and legislative.
According to Purbaya, the DPR RI and the Minister of Finance previously had a long time to meet at a meeting.The Minister of Finance before Purbaya was Sri Mulyani.The woman who is familiarly called Ani was then replaced by President Prabowo Subianto on Monday (8/9).
“My question is, here Commission XI meeting with the Minister of Finance (Sri Mulyani) how many hundred days in a year, why never question that? And now I came here, suddenly a lot of questions, which should have broken up at that time,” said Purbaya.
“But it’s okay. So, in the future what I do is to improve it (fiscal and monetary errors), before changing the others. Other structural we can change, but the quick win there. I will return the worsening conditions because of our own steps,” the Minister of Finance promised.
One way that will be encouraged by Purbaya Minister of Finance is the acceleration of budget spending.The reason, he said 90 percent of the Indonesian economy was driven by domestic demand.
Purbaya Yudhi Sadewa was sure that President Prabowo Subianto was not wrong to appoint him as the new Minister of Finance Substitute Sri Mulyani.He stressed that managing the economy was not new for him.
He then reminded how the monetary crisis that had hit Indonesia in 1998. Purbaya said there was a ‘devil’ who played behind the crisis that befell the homeland.
“When 1997-1998 the countries began to be attacked were Thailand, Korea, and others, why the most down us? I learned very well what happened at that time and how to overcome the crisis if it happened again,” he explained.
“We made a fatal mistake, at that time Bank Indonesia (BI) raised interest to more than 60 percent to protect the rupiah. Everyone thought we did a tight money policy … but if we looked behind it, we print money, the growth was 100 percent. So, the policy was chaotic.
In the end, he said high flowers destroyed the real sector.While a lot of money actually attacks the rupiah exchange rate.
“So, we finance our economic destruction at that time, unconsciously. Not because of the economies when they were stupid or what, but indeed we have never experienced such a situation,” he said.
[Gambas: cartitleloans video]
(SKT/SFR)
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