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The Government Aims For An Economic Growth Rate Of 8 Percent, According To Indef, Which Emphasizes The Necessity For An Integrated Strategy Across Various Sectors
Thursday, 21 Nov 2024
The Indonesian government is confronted with significant challenges in achieving an economic growth target of 8 percent over the next five years.
According to Esther Sri Astuti, Executive Director of the Institute for Development of Economics and Finance (Indef), this endeavor necessitates an integrated strategy encompassing investment, exports, and government spending.
“To realize an 8 percent economic growth, we must reduce our reliance on household consumption. The growth engine needs to be bolstered through investments, exports, and government expenditures,” Esther stated during a public discussion in Jakarta on Monday, November 18.
Esther emphasized that the success of reaching this ambitious target is heavily reliant on effective fiscal management. Therefore, national debt must be controlled to avoid straining the budget.
Additionally, she highlighted the importance of optimizing the tax ratio. Tax revenue is a crucial instrument for stimulating economic growth while also expanding societal welfare.
“If we achieve an 8 percent economic growth, the impact on improving community welfare will be substantial. This is ambitious, but if successful, the results will be extraordinary.”
The elected president, Prabowo Subianto, has previously expressed his belief that achieving an economic growth target of 8 percent is not an impossible feat.
During the launch of the Geoportal for the One Map Policy 2.0, Prabowo emphasized that this optimism is rooted in Indonesia's vast natural resource potential.
"Our wealth is substantial, and our potential is immense. If we work diligently and implement the right strategies, I am confident that we can reach 8 percent," stated Prabowo.
