Preparing For 2022, Coordinating Minister Airlangga: The Year Of The Sustained Period Of Economic Recovery And Structural Reform

Coordinating Minister for Economic Affairs, Airlangga Hartarto. (Photo: Doc. Coordinating Ministry for the Economy)

JAKARTA - The year 2022 has been designated as a period of continued economic recovery and structural reforms. The government targets Indonesia's economic growth in 2022 to grow above 5 percent.

To achieve this goal, legal certainty and government support will continue to facilitate investment and business. The government is committed to continuing the agenda of structural reform, deregulation, and debureaucratization. The decision of the Constitutional Court regarding the revision of the Job Creation Law will be implemented and followed up by the Government as soon as possible. All materials and substance of the Job Creation Law remain in full force and effect.

"In addition, the momentum of Indonesia's G20 Presidency in 2022 must also be utilized as well as possible to encourage economic recovery and transformation," said Coordinating Minister for Economic Affairs Airlangga Hartarto in his remarks at the Webinar Market Outlook 2022 entitled "Indonesia Towards 2022 Economic Recovery. : Stability or Growth?" which was held on Thursday 9 December by Bank Negara Indonesia (BNI) in collaboration with BNI Asset Management and BNI Corporate University.

The year 2022 is a proud moment for the G20 Presidency for Indonesia to lead the world's largest group of income countries and overcome uneven economic recovery.

There are three things that are the main focus of the G-20 Presidency, namely inclusive health management, digital-based transformation, and the transition to sustainable energy, which are arranged under the theme "Recover together, recover stronger".

"According to the direction of the President, the 2022 G20 Indonesia Presidency is not only a ceremony but produces tangible outcomes that are beneficial for Indonesia and the world," explained Coordinating Minister Airlangga.

Indonesia's presidency at the G20 event is predicted to help create around 33,000 jobs. With more than 150 meetings to be held in 19 cities and the attendance of around 18,000 more delegates, it will increase domestic consumption by up to IDR 1.7 trillion, increase national GDP by IDR 7.4 trillion, with a total benefit of 1.5 - 2 times greater than holding 2018 IMF-WB annual meeting in Bali.

These various projections must of course be realized in the spirit of partnership and cooperation from all parties. This pandemic has emphasized the importance of inclusiveness, cooperation and collaboration in order to support economic stability and growth.

"Finally, I congratulate you on participating in this series of events. Hopefully this activity can be useful for all of us and give birth to new breakthroughs in accelerating economic recovery in 2022," concluded Coordinating Minister Airlangga.

Also attending this Webinar were Minister of Finance Sri Mulyani Indrawati, represented by the Director General of Financing and Risk Management at the Ministry of Finance Luky Alfirman, Executive Director of JP Morgan Singapore Sin Beng Ong, President Director of Bank BNI Royke Tumilaar, President Director of BNI Sekuritas Agung Prabowo, Chief Economist of BNI. Sekuritas Damhuri Nasution, and President Director of BNI Asset Management Putut Endro Andanawarih.