The President was disappointed at the public’s unease over this policy because it forced the government to find a solution to respond to these concerns.
"Again, the main spirit of the tax amnesty program is how to bring home those huge funds placed overseas, whether through repatriation or declaration."
Government foreign debt in quarter two rose 18 percent to US$ 158.7 billion, while private sector foreign debt fell 3.1 percent to US$ 165.1 billion.
Credit growth had yet to increase significantly, despite eased macro-prudential policy. The flat growth is attributed to low demand due to economic deceleration.
Q2 growth was highest for two years. The 5.04 percent growth recorded in the first semester of 2016 was also higher than the 4.7 percent recorded in the same period last year.