Kemenkeu expect the deficit below the three percent

Deputy Finance Minister Mahendra Siregar (INTERMEDIATE PICTURES)

Do not let more than 1.5 percent, if more than that so too thin with a limit of three percent, and pose a risk of its own, "

Jakarta (The Car Insurance Info)-Vice Finance Minister Mahendra Siregar expects budget deficit maintained under three percent of GDP to the fiscal risks of excess energy subsidies and spending on social assistance is not too high.

"Do not let more than 1.5 percent, if more than that so too thin with a limit of three percent, and pose a risk of its own," he said moments after the Musrenbangnas event are found in Jakarta on Tuesday.

Mahendra said the Government soon filed a REVISED due to changes in assumptions macro that does not match the current conditions as well as possible additional compensation due to the subsidized FUEL price hike plans.

For that, he expects the STATE BUDGET can anticipate changes related to FUEL policy and macroeconomic indicators distinction, without endangering the budget deficit as well as pose a risk.

"We've been anticipating the existence of this policy, but the longer we obtain that decision may give rise to risks and uncertainties," he said.

Mahendra added the issue of excess consumption of FUEL has caused negative impact on fiscal health so that an effort to keep budget deficit according to the LAW to be able to maintain economic stability.

"Uncertainty can give impact and confidence to keep fiscal, so we should be able to maintain economic stability," he said.

Government in the STATE BUDGET deficit is a budget of the 2013 set 1.65 percent of GDP or amounting to Rp153,3 trillion, but if there is an excess of energy subsidy spending, the deficit is expected to reach 2.4 percent of GDP.

In the submission of BUDGET changes in 2013, increasing budget deficit is expected to widen because the Government must compensate social assistance to poor communities affected by the increase in subsidized fuel prices.

The new Government would raise subsidized fuel prices, when the poor get adequate social assistance in the form of direct assistance while community, so that poverty levels not further widened.

(S034/S025)

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The US Current Account deficit Shrinks For Fourth Quarter

Monexnews- a deficit on balance running (current account) AS slightly reduced to $ 110.4 billion in the fourth quarter, or 1.7% of GDP, reported by the Commerce Department on Thursday. This deficit was the lowest since the third quarter of 2011. Sags deficit in the fourth quarter due to rising income and surplus in services. Economists had predicted that the deficit would widen to $ 112 billion. The deficit in the third quarter was revised up to $ 112.4 billion from the previous estimate of $ 107.5 billion in numbers. In percentage of GDP, the deficit this time just above its record low of 2.5% in level set out in the second quarter of 2009.

(fsyl)

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Australia trade deficit rose to $ 1.09 Billion

Monexnews-Australia Trade Data for January showed a record trade deficit of 1,057 billion Australia dollars (or the equivalent of $ 1.09), as reported by the Central Bureau of statistics Australia Thursday.

The export level fell as much as 1% while imports climbed 1% rate, according to the ABS, Central Bureau of statistics. Economists predict a deficit of A $ 500 million, according to data collected by Dow Jones Newswire.

(AR)

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United Kingdom Will Continue To Trim Deficit

Monexnews-United Kingdom Prime Minister, David Cameron, said the loss of the Aaa credit rating means the Government needs to accelerate its efforts to trim the deficit. "Credit rating it important and this means the Government must continue and speed up the trimming the deficit," said Cameron to the United Kingdom Parliament. Moody's has cut its credit rating to Aa1 from Aaa United Kingdom due to suramnya economic outlook can overload the Government budget.

Cameron did not argue that the credit ratings play an important role; but the real test for Cameron United Kingdom point out is the magnitude of the interest to be paid when the Government issued bonds. "To date, the United Kingdom Government bond interest rates still at low level and this should be maintained," says Cameron.

Meanwhile, sterling strengthened in the New York session. GBP/USD is traded now, away from the low level 1.5152 daily 1.5079 (fr)

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France Will Achieve Deficit Targets

Monexnews-France again asserted will achieve the target deficit trimming though the Government will cut its economic growth outlook in the coming weeks. "We still will retain the target deficit of 3% of the GDP," said Vallaud Belkacem, a spokesman for the French Government. The Government would point out transparans Belkacem with estimated economic growth but he did not give details of the subsequent Government policy going by trimming economic growth.

Paris currently estimates the economy will grow 0.8% for year 2012; far above the estimate of the IMF predicts growth of only 0.3%. The Audit Agency said if French economic growth reached only 0.3% in 2013 the deficit could reach 3.25% of GDP; This means the Government needs to take further policy in order to meet the deficit target of 3% of the GDP.

Meanwhile, the euro looks trouble maintaining momentum in the New York session reinforcement. EUR/USD is traded now, try to stay away from 1.3473 high level daily 1.3518 (fr)

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