Indef Economist Calls Investment-Export Improvement Efforts To Realize Indonesia's Economic Growth 8 Percent

JAKARTA - Executive Director of the Institute for Development of Economics and Finance (Indef) Esther Sri Astuti said that increasing investment and exports is one of the efforts to realize Indonesia's economic growth in the future reaching eight percent.

"In the future, if you want economic growth to reach eight percent, economic growth should not only be based on consumption but there must be an increase in investment and an increase in exports," Esther said when contacted by ANTARA, Saturday, October 19.

Esther said the next strategic effort was to achieve economic growth of eight percent in the form of debt management correctly and suppress debt so as not to increase.

In the future, the government also needs to ensure that the capital expenditure budget allocation must also be greater than routine spending.

Likewise, development must be evenly distributed to all regions in the territory of the Unitary State of the Republic of Indonesia (NKRI) in order to realize the welfare of all people and the progress of the nation.

The government in the future must also prioritize development programs that have a long-term impact and have a larger multiplier effect.

According to him, economic growth of eight percent is indeed not impossible because Indonesia has achieved high economic growth in the 19880s to 1990s. However, at this time there must be extra effort.

In the past, economic growth could be high because oil and commodity prices soared, investment entered Indonesia, and increased exports due to industrialization such as the textile industry.

In Asta Cita Presiden dan Wakil Presiden terpilih Prabowo Subianto dan Gibran Rakabuming Raka, pemerintah ke depan akan melanjutkan hilihasi dan industrialisasi untuk meningkatkan nilai tambah dalam negeri, meningkatkan lapangan kerja yang berkualitas, mendorong kewirahatan, mengembangkan industri kreatif, dan melanjutkan pengembangan infrastruktur.

Prabowo Subianto and Gibran Rakabuming Raka will be sworn in as President and Vice President of the Republic of Indonesia on October 20, 2024.

Prabowo's future government will also encourage the nation's independence through food self-sufficiency, energy, water, the creative economy, a green economy, and a blue economy.

The government will also build from villages and from below for equal distribution of the economy and eradicating poverty.

In addition, the Prabowo government will strengthen development, including human resources, science, technology, education and health.

Furthermore, the government will seek to increase the ratio of state revenues to gross domestic product (GDP) to 23 percent.