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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Euro Below 1.3000, the moment to Continue Bearish Signals

Monexnews-Euro closed under a number in figures after 1.2960 1.3000 had tried to recover from a new low 3 months at 1.2920 figures. Economic Data yesterday emphasised the economic movement in the u.s. and Europe and investors are moving according to two factors.

The Euro is attempting to recover from 1.2820 area, but the recovery of the currency held by 1.2970 area so far and the Euro traded near 1.2960 area, still weak 0.3 percent today.

(AR)

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Sterling Fell Back to below $ 1.5

Monexnews-United Kingdom-currencies pound sterling pressured to back under the level perch $ 1.5 for the 3rd time in this March because investors continue to take off ahead of the release of results of the Sterling position the meeting of two daily Bank of England today (Thursday, 7/3) to decide on the addition of stimulus in order to encourage economic growth.

Sterling weakened against almost all major currencies in line 11 of the 39 economists predict the central bank will increase its assets sales target at least up to 400 billion pounds (603 billion dollars) from 375 billion pounds today.

Investor sentiment was also more pessimistic after data appear disappointing economic fundamentals the market after the CIPS data plummeting to as low as Constructions PMI 29.1 of the previous figure of 48.7. The release of these data add to the bleak economic prospects are increasingly United Kingdom after the previous week's figure of manufacturing activity plummeted to as low as 47.9 PMI from earlier publications on the level of 31.6.

Exchange rate of Sterling now appears to be wedged into the area after 1.4998 slumped 1.4966 in early Asian trading session, and new slim to 1.5019 rally.(dar)

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The Euro Looks Weak Below 1.3350

Monexnews-Euro last seen in numbers, down from 1.3344 low weekly closing Friday at 1.3360 figures.

According to Valeria Bednarik, Chief Analyst from FXstreet.com, Euro still saw a bearish signal thin movements per hour, with the right price under 20 high school moving flats and several indicators that moves slightly down, move into the negative area, the analyst said, adding: the graph per 4 hour shows bearish signals, it supports the movement fell further Monday, with areas of the trendline that comes from the area of 1.2660, today persists in the area as the main bearish target 1.3270. The stop Level should still have a space that is large enough so that the efforts of the movement down will probably continue the acceleration down to 1.3220, price area disimpulkannya.

Support level was recorded at 1.3310, 1.3270 and 1.3220. While the range of resistance will be recorded at 1.3385, 1.3410 and 1.3440.

(AR)

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Wall Street Mix, the Dow closed below the 14,000

Monexnews-the US stock market managed to recover from the low level of the session but the Dow still closed in negative area on Wednesday, as investors stopped the rally amid a lack of market catalysts and after touching S&P highest level since December 2007. The Dow and the 500 rally for S&P closed at level 5-year high in the previous session. The Dow currently is about 1% from the record high reached in October 2007. Both indexes had scored a rise that's pretty impressive so far in the year 2013, up more than 6.5% respectively. Dow Jones Industrial Average closed in the negative area, dragged down by weakening shares of McDonald 's. General Electric is a blue-chip index stocks with the best performance. S&P 500 closed up thin after briefly touching the highest level since December 2007 and the Nasdaq closed up. Financial and telecommunication sectors in S&P weakened, while the industrial sector strengthened. (xiang)

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Gold Slipped to below $ 1,650 ahead of G20 Summit

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Suku Bunga Bank of Korea tetap 2.75%

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The Euro is still Haunted the fall to below 1.3400

Monexnews-Euphoria to Euro was already fading. Signals from Mario Draghi's press conference Thursday and still weighs on Euro movements, bringing in a single currency to 1.3350, and traded in a consolidated area near 1.3365 area.

The Euro was pressured on Thursday and related comments, and continue pelemahannya Draghi last week, penetrating below the 1.3400 level support. Currently the Euro is still down 0.26% in figures close to 1.3365, to immediately test 1.3349 (low 25 January) ahead of 1.3265 (low Jan. 23) to then to 1.3215. To the contrary, the movement upward 1.3462 transpiration (the low February 5) will open up opportunities to 1.3510 Euro (MA-10 days) and finally at 1.3577 (high Feb. 7).

The Euro has so far still stable of weekly closure moves on Friday yesterday near 1.3368 area, still in the range of 20 pips for today, with most Asian exchanges closed for public holidays.

(AR)

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