Wednesday, 23 October 2024 11:55

The Government Relies On Investment And Exports As The Foundation Of Economic Growth

The government continues to rely on investment and exports as the pillars of national economic growth. In 2025, the economic growth target is set at 5.2%, with a long-term goal of reaching 8%. Coordinating Minister for Economic Affairs Airlangga Hartarto emphasized the need to drive growth through investment, open export markets, and boost labor-intensive industries.

In the Technocratic Medium-Term National Development Plan (RPJMN) for 2025-2029, the government aims for medium-term economic growth between 5.6% and 6.1% to increase per capita income from USD 5,500 in 2025 to USD 7,400–7,670 in 2029. During this period, the manufacturing sector's contribution to GDP is expected to rise from 20.8% in 2025 to 21.9% in 2029. While Airlangga mentioned ongoing preparations to achieve the 8% growth target, he did not detail the specific steps. Hendri Saparini from Core Indonesia highlighted that achieving this target requires shifting from deindustrialization to industrialization, learning from advanced economies, and revitalizing the industrial sector to drive significant economic growth.

Source: https://investor.id/macroeconomy/377542/pemerintah-andalkan-investasi-dan-ekspor-sebagai-tumpuan-pertumbuhan-ekonomi

 

 

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