Indef Predictions For Economic Turnover During The 2024 Election Reaches IDR 100 Trillion

JAKARTA - The 2024 general election (election) is only two days away. The public will soon decide on the choice of presidential and vice presidential candidates on February 14, 2024.

Related to this, the Executive Director of the Institute for Development of Economics and Finance (Indef) Esther Sri Astuti estimates that there will be an economic turnover of up to Rp100 trillion at that momentum.

"In my opinion, during the 2024 election there will be a minimum circulation of IDR 50 trillion, it could even reach IDR 100 trillion," Esther told VOI, Monday, February 12.

Esther assessed that the economic turnover could reach Rp100 trillion due to the large amount of costs incurred. One of them is for mass mobilization.

"Because there are a lot of costs incurred for mass mobilization, printed posters, banners and even money politics," he said.

According to Esther, despite the purchasing power pressure due to food inflation. However, she assessed, the economic turnover during the 2024 election is predicted to remain high.

"Although there is a purchasing power pressure due to food inflation, still campaign costs and consolidation for more gatherings of votes will be issued," he added.