VIVAnews - Finance Minister Sri Mulyani Indrawati reminded that the economic situation will flare up in the second semester of 2010.
"Countries will by the time issue exit policy," said Sri Mulyani on Thursday, March 18.
According to her, this will be a difficult year because the G-20 countries agree to follow up the improvement in the financial sector.
"More patience is needed because [the improvement in financial sector] takes time. It will require three years to consolidate the system," she said.
For the G-20 countries, she said, the issue will become more problematic because of the political pressures. Sri Mulyani cited the decision made by the European Union in not asking the assistance from the International Monetary Fund to help solve the economic downturn in Greece.
As for Indonesia, the domestic political stability is more solid. "The situation in Indonesia differs from other countries," she said.
Meantime, currently four European countries are under red alert: Spain, Portugal, Italy, and Greece.
"If we don't have solid State Budget, structure adjustment should be carried out," she said.
To deal with the challenge, the government will protect export and import sectors. "We're no longer focusing on domestic demands," she emphasized.
The government, she said, sets expenditure policy to maintain purchasing power and infrastructure development. The government has also revised the deficit to 2.1 percent in 2010 compared to the previous 1.6 percent.
In addition, she said, "no financial damage is shown by the financial balance."
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Translated by: Bonardo Maulana W
