The Indonesia Economic Outlook report published by the World Bank shows that Indonesia’s economy is predicted to grow by 5% this yr (2024) and by 5.1% in 2025, with sustained growth expected until 2026.
Despite the present global economic downturn accompanied by financial uncertainty and geopolitical turmoil, Indonesia’s economic resilience stays well maintained. This was conveyed in a written press release by the Coordinating Minister for the Economy of the Republic of Indonesia, Airlanggi Hartarto.
Indonesia’s current economic achievements can’t be separated from progress in several sectors, resembling falling poverty and unemployment rates, a consumer confidence index within the optimistic zone, and the extent of expansion of producing activities.
The improvements are attributed to efforts to enhance the standard of economic growth, with the foremost goal of achieving the Golden Indonesia 2045 vision. Actual economic transformation actions include supporting investment, equitable development, increasing productivity and empowering SMEs.
Hartarto also mentioned that the federal government is specializing in projecting Indonesia’s achievements by 2025 (Golden Indonesia 2045), planning to adopt the slogan “Accelerating Sustainable and Inclusive Economic Growth”. Therefore, to realize this goal, the Coordinating Ministry for the Economy is promoting 73 work programs consisting of priority and regular areas.
Therefore, the elected President of the Republic of Indonesia, Prabowo Subianto, intends to extend the debt-to-GDP ratio from the previous 40% to 50% as a part of the implementation of his election guarantees, reports VNEXPRESS International.
To maintain Indonesia’s economic health in the approaching years, the federal government will consistently implement assessments and monitoring of potential future fluctuations of the domestic economy and the problem of synergies with state revenues.
