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GOVT, HOUSE AGREE ON 2012 GROWTH AT 6.5 PCT.

ANTARA - The Indonesian National News Agency

| March 30, 2012 | COPYRIGHT 1999 Antara - The Indonesian National News Agency. (Hide copyright information)Copyright

Byline: Editor Antaranews.com

Jakarta, March 30 (ANTARA) - The government and the House of Representative's budget committee on Friday agreed to seek economic growth of 6.5 percent in the draft revision of the 202 state budget, down from the previous forecast of 6.7 percent.

Of note, the inflation rate was set at 6.8 percent, the rupiah's exchange rate at Rp9,000 per dollar, interest on state treasury notes at 5 percent, Indonesian crude price (ICP) at US$05 a barrel and oil lifting (oil sold) at 930 thousand barrels per day, Melchias Markus Mekeng, chief of the budget committee, said while reading out the outcome of the House's plenary meeting with the government on …

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