The Economic Growth of Papua Reaches 4.91 Percent

Head of Economic and Financial Team of BI in Papua Province, Fauzan, accompanied by participants of REFS Dissemination.

Head of Economic and Financial Team of BI Indonesia, Papua Province, Fauzan, said that Papua's economic growth in Q2 / 2017 increased 4.91% (yoy) compared to 3.36% (yoy) in the first quarter of 2017. While economic growth during the quarter under review was influenced by the performance of the mining and quarrying fields which grew significantly from 0.36% (yoy) in the first quarter of 2017 to 6.75% in the second quarter. On the other hand, the construction business sector decreased from 9.42% (yoy) in the first quarter of 2017 to 3.84% (yoy) in the quarter under review.
This was conveyed by Fauzan to reporters on the sidelines of Regional Economic and Financial Studies (REFS) Dissemination Papua Province in Second Quarter of 2017 at Hotel Horizon Ultima Timika, Wednesday (10/4).

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Fauzan as the speaker explained that REFS Dissemination aimed to inform more about the economic development in Papua, the economic prospects, and issues that need to be considered by the stakeholders. Besides, to closer to the stakeholders in order to provide further opinions. This is very useful to strengthen the recommendation and even distribution of informa- tion of economic development of Papua Province.
He realized that during this dissemination activities always held in Jayapura. But for the second quarter of 2017 more directed directly to the regions.
The material discussed in these activities concerning the global and national economy, regional macro economic development, inflation, regional financial stability, and government finance. Then, the system of payment and management of rupiah money and economic prospects of the region.
He said every quarter, BI Province of Papua published REFS in book and website form. This publication is to provide explanations to stakeholders and the public in the region regarding the development of current conditions, economic prospects and issues that are evolving and need to be scrutinized.
This activity was attended by banking leaders, employees of the Department of Transportation Communications and Informatics, the Department of Fisheries, and some related agencies.

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