Chatib Basri Predicts Trillion Of Rupiah To Roll Out On Election Day, Here's The Calculation

Chatib Basri (Photo: Doc. Antara)

JAKARTA - The trillions of rupiah are predicted to roll on the day of the general election (election). This could have a positive impact on the Indonesian economy.

According to senior economist Chatib Basri predicts, based on calculations, every political party sends witnesses to all polling stations (TPS) in Indonesia, which amount to more than 800,000. Each witness, of course, is given money accommodation by the sending party.

"If you say one person in one day is Rp. 100,000, three meals, there are three times 800 thousand polling stations, on that day for one party only the expenditure needs around Rp. 240 billion," Chatib said quoting Antara.

Then, according to him, if there are 10 parties that send the witnesses to the TPS, then the money that will roll out in one day of the election can reach a total of IDR 2.4 trillion.

The former Minister of Finance under President Susilo Bambang Yudhoyono said the phenomenon was referred to as a spending effect, where the money emerged from various expenditures issued by political parties participating in the election. Not to mention, he said, this also happened during the previous campaign period.

That way, he assessed that the election could have a positive impact and return Indonesia's economic growth rate from 4.9 percent in the third quarter to above 5 percent.

"So I see that the effect on growth is positive," said Chatib.

In addition, Chatib also assessed that the process of transferring power that will occur in 2024 in Indonesia is not included in the challenges and high risks for the country's economy.

Because according to him, the economic challenges of the trade policies of other countries and geopolitical conditions are more influential than the challenges of holding elections.