JAKARTA - Minister of Finance (Menkeu) Sri Mulyani said that the global economy in general at the close of 2022 was in a continuing condition of uncertainty. According to her, this is reflected in a number of facts that have emerged in various exchanges in developed countries, especially Europe.

"In 2022, more than US$ 30 trillion is the value of market capitalization that is lost. So, investors at the global world are not creating value but losing value (not making profits, creating/making losses)," he said while speaking at the opening ceremony of the 2023 Indonesia Stock Exchange trading in Jakarta, Monday, January 2.

According to the Minister of Finance, the situation is quite inversely proportional to the situation in the Indonesian capital market which has made a series of achievements.

"The year 2022 (in Indonesia) is closed very resilience even though the challenges are not easy. This is a good provision to enter 2023," he said.

The state treasurer explained that the direction of the national financial industry in the future will refer to the implementation of the Financial Sector Development and Strengthening Law (P2SK).

"This year will be emphasized in increasing integrity, accountability, and credibility in the financial sector which is supported by the P2SK Law," he asserted.

For information, in 2022 market capitalization The Composite Stock Price Index (IHSG) reached IDR 9,499 trillion. This figure grew 11.41 percent year on year (yoy) from the position at the end of 2021 which was IDR 8,256 trillion. Meanwhile, the JCI rose to the level of 4.09 percent from the end of 2021 which was perched at the level of 6,081.5.


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