REPUBLIKA.CO.ID, DENPASAR -- Bali's economy is estimated to have grown by 5.8 to 6.2 percent in the first quarter, which is higher than the national growth rate of 5.21 percent, a spokesman said.

"The economic growth was fueled by the trade, hotel and restaurant sectors, the agricultural sector and the construction sector," head of the Bali provincial government's public relations bureau I Ketut Teneng said here on Saturday.

He said the economic growth was also driven by private investment amounting to Rp6.18 trillion, or 71.5 percent of the target of Rp8.65 trillion for the first quarter.

Domestic and foreign investment in the January-March 2014 quarter touched Rp2 trillion, accounting for 66.7 percent of the target of Rp3 trillion, he said.

The Bali provincial government has set the total investment target of Rp18.90 trillion for this year. Nearly Rp8.24 trillion of the targets was realized in the first quarter.

The investment is expected to come from the private and the government sectors, including the central, provincial, district and municipal governments, he said.

He said the investment of district and municipal governments in Bali is expected to reach Rp4.87 trillion this year. Nearly Rp49.76 billion or 1 percent of the target has been realized in the first quarter.

The investment of the provincial government is projected to reach Rp436.86 billion this year. However, only Rp296.4 million, or 0.07 percent of the target, has been realized in the first quarter, he said.

The central government's investment in the first quarter reached Rp32.09 billion or 1.70 percent of the target of Rp1.93 trillion for this year, he said.

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