Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · Storm Clouds Ahead for Baliís Economy
Bali Hotels, Bali Villas and Bali News from
Bali Hotels
Bali Villas
Special Deals!
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Bali Update
Subscribe to our free weekly newsletter!
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

++62 361 286 283

++62 361 286 284

U.S.A. Fax:(toll free)

U.K. Fax:

Australian Fax:

++62 812 3819724

Bali Discovery

Bali News

Storm Clouds Ahead for Baliís Economy

Noted Bali Economist Gusti Viraguna Bagoes Oka Urges Caution in 2013

Bali News: Bali, Indonesia, Bank Indonesia, economic predictions, Gusti Viraguna Bagoes Oka, electrical rates, fuel cost, inflation, Baliís economy
Click Image to Enlarge


Bisnis Bali reports that despite a general air of optimism in 2013 regarding Bali’s economy, some genuine areas of genuine concern persist.

I Gusti Viraguna Bagoes Oka, a local economic observer, said on Sunday, December 30, 2012, that political tensions, increases in the cost of electricity, the cost of fuel and the uncertain global economy were all vulnerabilities to Bali’s economy that need to be considered.

Viraguna said the national political stage of 2014 and the election of Bali’s governor in 2013 will put demands on the attention of the nation, causing larger economic issues to be sidelined. Adding to the mixture, rising electrical and fuel costs and their possible impact on the growth rate of Bali’s economy cannot be ignored when assesing Bali's future prospects.

He said that Indonesia’s economy is in a state of fundamental change. The Republic is not longer an oil exporter but a net importer of the fossil fuels needed to meet rising consumer demand.

Looking further afield, Viraguna said the economic crisis in Europe is unlikely to be resolved anytime soon, resulting in stunted economic growth rates for China and India. A similar, negative lead-on effect reducing economic growth will also be felt in Indonesia as a whole and Bali in particular.

“Basically, Bali’s economy will be uncertain next year (2013),” warned Viraguna. He also urged careful monitoring of tourist arrivals. At the same time, he lamented that Bali is becoming a location for transnational crime such as narcotics and terrorism.

Bank Indonesia is predicting that the island’s economy will grow 6.6-7.1% in 2013.

© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to


Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!

Our [Privacy Statement] explains how we handle the data you are providing.

Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!

or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Me and My Guitar
West Bali Police Send Home 18 Punkers on a Personal Sojourn in Bali
Passport to a Clean Bureaucracy
Indonesian Immigration Service Joins the Anti-Corruption Campaign
Welcoming the Ultra-rich to Indonesia
Indonesia Eases the Rules for the Visits by Private Yachts and Private Aircraft to Indonesia
Those in Knead
Bali Culinary Professionals Teach Bali Orphans How to Bake
A Galactic Calamity
Garuda Indonesia Ban Samsung Galaxy 7 Smart Phones from all Flights
Copping it for Murdering a Copper
David Taylor and Sara Connor Headed for Day in Court in Murder of a Balinese Policeman
Seeking New Connections
Provincial and Regency Sources Scramble to Raise Fund to Replace Pedestrian Bridge Between Nusa Lembongan and Nusa Ceningan
A Very Bad Exchange
French Exchange Student Arrested in Bali for Stealing a Motorcycle
Snake or Lizard?
Strange Reptile that Visited Bali Policemanís Home Has People Wondering: Is it a Snake or a Lizard?
Under Suspicion Again
Bali Police Acted Outside the Law in Halting Property Fraud Investigation Against Actor Jeremy Thomas
Trip the Light Fantastic
Tango in Paradise Ė Masters of Dance to Perform in Bali Saturday, November 26, 2016
RIP: Sri Pitono: 1964-2016
Veteran Bali Travel Industry Member Sri Pitono Dies at Age 52
All [News]!