TKN Prabowo-Gibran Patok Targets RI Stock Market Capitalization To Reach IDR 22,000 Trillion In 2027

Prabowo Subianto and Gibran Rakabuming Raka National Campaign Team Economic Expert, Drajad Wibowo. Photo: Theresia Agatha/VOI

JAKARTA - The presidential candidate pair (candidate) Prabowo Subianto and vice presidential candidate (cawapres) Gibran Rakabuming Raka are targeting stock market capitalization (market cap) to reach IDR 22,000 trillion in 2027.

National Campaign Team (TKN) Economic Expert Prabowo Subianto and Gibran Rakabuming Raka, Drajad Wibowo initially said that downstreaming requires capital.

Therefore, like it or not, the capital market must be explored.

Drajad said that his party is targeting a higher market capitalization than the roadmap (roadmap) of the Financial Services Authority (OJK), which is IDR 15,000 trillion in the same year.

"Our target market cap is higher than the OJK roadmap. The OJK roadmap for 2027 is above Rp. 15,000 trillion, we are targeting a market cap of more than Rp. 22,000 trillion in 2027," said Drajad in the agenda of the 2024-2029 Investment Policy and Capital Market Dialogue in Jakarta, Monday, January 8.

"It's still 70 percent of GDP, but our growth simulation will produce a very high market cap," he continued.

He said, there are a number of strategies that will be carried out, one of which is to accelerate the growth of the number of listed companies, both the amount of outstanding shares and the effect of debt or sukuk (EBUS).

"Economic strategy in the field of import export investment and Asta Cita can accelerate the growth of the number of listed companies, both the outstanding number of shares and EBUS," said Drajad.

"So from the start, what we did earlier will boost the number of listed companies," he said.