Deputy Minister Of Finance Says Savings Can Drive Economic Growth

Deputy Minister of Finance Thomas Djiwandono said that saving habits can be a useful activity to support economic growth in the long term.

Thomas revealed that the funds that were saved and managed were well so that they could be used for productive things.

"Try to imagine if you keep saving, one day you can help parents, can you help parents, what can you do? Yes, maybe build a house for ladies and gentlemen in the future," he said at the Leading Indonesian Financial Literacy (Like It) event, Thursday, August 14.

He explained that building houses does not only provide benefits for families, but also encourages economic growth because building houses also involves many parties, ranging from contractors, carpenters, to building material producers.

"It helps work, fosters the economy. So continue to be tube, so that you can build the country, help parents, and build the nation's homeland," he said.

Previously, Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar revealed that the value of Student Savings or savings owned by school-age children has now reached more than Rp32 trillion.

"If I may say, maybe the younger siblings are not aware that actually student savings are savings, namely savings given to school-age children, at this time it seems that they cannot be trusted, have reached a value of more than Rp32 trillion," Mahendra said at the Leading Indonesian Financial Literacy Association (Like It), Thursday, August 14.

He also added that this number was collected from nearly 59 million student savings owners, namely students throughout Indonesia.

"Rp32 trillion was indeed able to be collected because there were almost 59 million owners of savings or student savings. So 59 million Indonesian children already have savings, and of course including younger siblings here and if you look at the amount of Rp32 trillion, I think everything has its contents, although of course the value is not the same," he said.

Mahendra said that the funds in savings were used for various national development sectors, such as encouraging economic growth, creating jobs, and supporting the financing of micro, small and medium enterprises (MSMEs).

"So what the younger siblings contributed in the form of savings, then in turn gave added value and a big contribution to this nation," he concluded.