Bali`s economic investment reaches Rp10.06 trillion
Wed, April 18 2012 15:02 | 909 Views
Denpasar (ANTARA News) - Private investment in economic development projects in Bali last year reached Rp10.06 trillion.
The investment consisted of domestic capital Rp5.57 trillion and foreign capital Rp4.48 trillion, Bali administration public relations chief I Ketut Teneng said in Denpasar Wednesday.
He said most of the investment was in the construction of hotels, restaurants and the supporting facilities.
The domestic and foreign investment was lower than t
he target of Rp12.52 trillion in 4,227 approval certificates that had been issued.
Ketut Teneng said domestic investment has been realized by virtue of 4,192 permanent business licenses (IUT) worth Rp5.57 trillion, and foreign investment Rp4.48 trillion for 179 projects.
The capital investment in various development projects and the disbursement of funds of the central government, regional administrations and public self-support produced a positive impact on local people`s economy.
Last year`s 6.49 pct growth of Bali`s economy was higher than target of 6.36 pct. This condition shows a positive growth in Bali`s economy, marked by an increase in total gross regional domestic product (PDRB) from Rp66.69 trillion in 2010 to Rp73.48 trillion in 2011.
The figures are higher than the target set in Bali`s 2011 budget public policy (KUA) of Rp10.19 trillion, which is closely related to Bali`s economic activators in the tourism sector which had been growing significantly with a positive impact on other development aspects, Ketut Teneng said.
Editor: Priyambodo RH
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