UNAIR NEWS – Fiscal, monetary, and real policy are easy to formulate but difficult to implement as every sector of policy is managed and has different interests. It was stated by the Coordinating Minister of Economics of United Indonesia II Cabinet, Chairul Tanjung.

“As it is managed by different interets with other different interests, for instance Bank Indonesia functions to maintain monetary condition, OJK (Otoritas Jasa Keuangan, ed) emphasizes good fundamental condition. Not only in Indonesia but in other countries as well,” said the man known better as CT.

Chairul made the statement during public discussion with 2003 Nobel Laureate for Economics, Prof. Robert Fry Engle III in Airlangga Convention Center Campus C UNAIR, Monday, February 20. The discussion was titled “The Prospects for Financial Global Stability” and attended by The Chairman of Advisory Council of OJK, Muliaman D. Hadad, and the Director of marketing Finance Development of BI Nanang Hendarsah.

According to Chairul, the slow economic growth in Indonesia was happened as 60% of it was supported by domestic consumption factor. The growth is not disrupted as long as the consumption factor is not disrupted.

“The problem is, when the consumption grows, the supply is disrupted and we must import. If we keep importing, we will be deficit,” said Chairul, a member of Universitas Airlangga Board of Trustees.

To make industrial sector grow, industrialization in Indonesia should also be developed. But unfortunately it receives some opposition from the society.

To prevent any monetary crises, good fundamental condition is needed. Muliaman in the same forum said two things to create excellent fundamentals of finance, capital market and excellent administration.

“Capital market should also be managed well so when the crisis happens, it won’t affect us,” said Muliaman.

Defrina: Defrina Sukma S
Editor: Nuri Hermawan