Coordinating Minister for the Economy Airlangga Hartarto said spending on political parties for democratic parties usually boosts gross domestic product (GDP) by 0.6 percent.

"In every experience of the political year, there will be spending on political parties that add to GDP," said Airlangga at the Maybank Indonesia Economic Outlook 2023 event in Jakarta, quoted from Antara, Thursday, March 16.

For this reason, he will continue to encourage the spending of political parties to boost the domestic economy.

Political party shopping activities will start in September until the end of 2023. The simultaneous general election (election) will be held in 2024.

The Coordinating Minister hopes that the election can run safely and peacefully, so that synergies of various parties are needed to face various agendas in the political year that have started now.

Previously, Institute for Development of Economics and Finance (Indef) senior economist Aviliani said that the political year, namely the 2024 General Election, would increase public consumption which could contribute to supporting national economic growth.

"Political years tend if we see a lot of spending carried out by political parties so that there will be an increase at least from the funds issued by political parties and candidates who want to become members of the DPR," said Aviliani in Jakarta, Thursday, March 2.

In a public discussion with the theme "Economic Challenge in Political Year" monitored online, Aviliani said the increase in consumption was supported by financing issued by political parties and candidates for people's leaders who participated in the 2024 General Election.

According to Aviliani, the consumption will begin to be felt in 2023 ahead of the 2024 General Election where political parties and leading candidates make various preparations including for campaigns.


The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)