Indonesia 1H 2015 GDP growth seen at 4.9% year-on-year: finance minister

[JAKARTA] Indonesia's economy likely expanded 4.9 per cent in the first half of 2015 from a year earlier and full-year growth is expected to climb to 5.2 per cent, the finance minister said on Wednesday.

In the second half of 2015, growth of gross domestic product (GDP) could reach 5.5 per cent, Finance Minister Bambang Brodjonegoro told Parliament.

For January-March this year, Indonesia reported growth of 4.7 per cent, the slowest rate in six years.

In 2014, the full-year pace was 5.02 per cent.

The finance minister also said that during the first half of 2015, Indonesia collected 37 per cent of its full-year tax revenue target.

REUTERS