Economic Growth Targets From Presidential And Vice Presidential Candidates, Which One Is More Realistic For Indonesia's Progress?

YOGYAKARTA - The vision and mission launched by the presidential and vice-presidential candidates in the 2024 General Election is interesting for the public to observe. Three candidates have offered their respective flagship programs to advance Indonesia, one of which is in the economic sector. So what are the economic growth targets of the presidential and vice-presidential candidates who will be pursued during their leadership if elected?

The three pairs of presidential and vice presidential candidates set different economic growth targets to carry out leadership during the 2024-2029 period later. In the documents submitted to the General Election Commission (KPU), Ganjar Pranowo-Mahfud MD, Anies Baswedan-Muhaimin Iskandar, and Prabowo Subianto-Gibran Rakabuming have explained a number of programs and targets to be achieved.

The economic sector is a sexy sector to pay attention to and work on by candidates for presidential and vice-presidential candidates because it is related to the welfare of the community and the progress of Indonesia. Therefore, as citizens, everyone needs to know what the economic growth targets of the presidential and vice-presidential candidates are.

The three candidates for presidential and vice presidential candidates present a number of targets or achievements in the economic sector, ranging from economic growth, new and renewable energy ratios (EBT), poverty levels, to research and innovation funds.

The following summarizes the economic growth targets of each presidential and vice presidential candidate that need to be watched ahead of the 2024 General Election.

The pair Anies Baswedan-Muhaimin Iskandar, as the first candidate to register with the KPU, set an average economic growth target of 5.5-6.5 percent per year for the period 2025-2029.

The couple promoted by the Change Coalition has a number of strategies or programs implemented to pursue the economic growth target, which is presented in the uploaded vision-mission document.

Some of the strategies that Anies-Cak Imin will implement are, through fiscal policy, through budget efficiency that prioritizes productive spending and suppresses non-productive spending. This step is taken to produce a larger fiscal space.

In addition, this pair will also increase state revenues through expanding the base and improving tax compliance. Thus, it is targeted that tax ratios or tax ratios can increase from 10.4 percent in 2022 to 13-16 percent in 2029.

The Ganjar Pranowo-Mahfud MD pair is targeting economic growth with higher numbers. The second pair who registered with the KPU set an average target of 7 percent each year for economic growth in the country.

Ganjar-Mahfud MD has prepared several strategies to pursue the targeted economic growth. A number of steps will be taken by this pair of presidential and vice-presidential candidates, namely increasing the role of cooperatives and MSMEs, utilizing infrastructure, supporting new businesses throughout Indonesia, the digital economy, growth in the manufacturing industry at the level of 7-8 percent, and managing the green-blue economy.

Different from the previous two candidates, the Prabowo Subianto-Gibran Rakabuming Raka pair did not include economic growth targets in the vision-mission document submitted to the KPU.

However, the pair of presidential and vice presidential candidates from the advanced Indonesian Coalition (KIM) conveyed several economic promises to be achieved. In the documents that have been uploaded, Prabowo-Gibran offers a number of economic steps, ranging from food self-sufficiency, improving state revenue, energy and water, eradicating poverty, strengthening education, ensuring the availability of health services, preserving the environment, to continuing downstreaming and industrialization.

Such is the review of the economic growth targets of the presidential and vice-presidential candidates who will run in the 2024 General Election. It should be noted that economic growth in the second quarter of 2023 is at 5.17 percent. Each candidate has strategic steps to increase Indonesia's economic growth in the future.

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