Pursuing Target Of IDR 1,400 Trillion, Regent Asked To Actively Withdraw Investment To Regions

Illustration of the Rupiah (Photo: Doc. Antara)

JAKARTA - Investment Minister Bahlil Lahadalia asked district/city level regional heads to actively attract investment into their respective regions. This is to accelerate investment realization of IDR 1,400 trillion.

Furthermore, Bahlil said investment is an important component in creating new economic growth areas. It can even create local revenue or PAD to build fiscal independence.

"If we hope for DAU (General Allocation Fund), how much will we continue? We convey to the Regent, DAU has been defoated for education, for services, for various things," said Bahlil, quoted from his official Instagram @bahlillahadalia, Tuesday, July 25.

Bahlil also reminded that regional fiscal spaces are getting narrower if strong regional revenues (PAD) are not built.

"Strong PPE is only one condition, investment must be taken care of properly. That's the key," he explained.

Furthermore, Bahlil said that his party received a mandate from President Joko Widodo (Jokowi) to withdraw investment into the country worth IDR 1,400 trillion this year.

This is a condition for our economic growth above 5 percent. This is the time, this is investment outside the upstream oil and gas sector and outside the financial sector. Alhamdulillah, so far it has been recorded at IDR 678.6 trillion or 58.5 percent," he said.

Bahlil said that he received directions from Jokowi not only to focus on large investments. He is also grateful that Indonesia is still the country of choice for investors to invest in.

"Alhamdulillah, Indonesia is still the investor's goal to invest. The President's order is not to take care of large investments, but also small. There should be no different treatment from large companies," he said.