Indonesia: central bank, economic growth of 4.94% in Q2 2016

(AGI) - Jakarta, Jul 12 - Bank of Indonesia (BI) has predicted that Indonesia's economic growth in the second quarter of 2016 reached at 4.94 percent. Such prediction's figure is not much different in comparison with the achievement of Indonesia's economic growth in the first quarter 2016 reaching at 4.92 percent. BI's Governor Agus DW Martowardojo said that the disbursement of the 13rd and 14th salaries for civilian state apparatus before Islamic holidays, Eid al-Fitr, is expected to encourage the growth of the national economy. The reason is that the domestic consumption could be boosted with increasing public consumption before the Eid al-Fitr. Nonetheless, based on a study conducted by the BI, the mid-year economic growth is better than the first quarter of 2016 but still below 5 percent. Although still below 5 percent, Agus admitted that the economic growth in the third and fourth quarter 2016 will be better for the enactment of Tax Amnesty Law. Economic growth in the first quarter of 2016 was recorded at 4.92 percent. The realization of economic growth slowed from the fourth quarter of 2015 by 5.04 percent, but better than the economic growth in the first quarter of 2015 by 4.73 percent. (AGI) .