JAKARTA - Bank Indonesia noted the deficit of current account increased every year. However, Bank Indonesia (BI) claimed that the condition was under control, at least in 2018, since it is below 3% of Indonesia’s Gross Domestic Product (GDP).
Yati Kurniati, Executive Director of the Department of Statistic of Bank Indonesia said that the capital inflow recorded a surplus of US$ 15.7 million, along with the increase in current account in the fourth quarter of 2018 of US$ 9.1 million or 3.57% of the GDP. “So, in the entire year, the current account in 2018 reached Rp. 31.1 billion or 2.98% of GDP; this is still safe,” said she, in Jakarta`
According to Kurniati, Indonesia’s trade balance is still safe, despite the deficit in current account. (LK/AR/W)