During The 2024 Eid Homecoming, Money Turnover Is Predicted To Reach IDR 380 Trillion

Illustration of money (ANTARA)

JAKARTA - The Ministry of Economy predicts that the circulation of money during the Eid al-Fitr 2024 homecoming will reach Rp 384 trillion. This is because as many as 193 million people will travel home and have a major impact on the economy. Special staff of the Coordinating Minister for Economic Affairs Ahmed Zaki Iskandar said that the figure was obtained if per head spent Rp 2 million. "There is a potential of up to Rp 384 trillion which will drive the Indonesian economy during the 2024 Eid homecoming," said Zaki, Sunday 7 April. The former Tangerang regent said that the main factor that drives economic movement during the Eid holiday is the availability of public transportation and supporting infrastructure. Availability of buses, trains, and airplanes is an important factor in facilitating the movement of the community. In addition, he explained, broad and well-connected road networks in various regions, such as in Java, Sumatra, and other islands, will be the main driver of community movement. This will trigger the interest of the community to travel. "This makes the public eager to move, not only going home, but also traveling and visiting other regions. This will drive the food sector and beverage, hotels, and tourism," he said. The circulation of money that occurred, he stated, would have a significant impact on regional economic growth, in particular for the micro, small and medium enterprise (UMKM) sector. This would certainly be the momentum of improvement of the post-Covid-19 economic sector. "The impact is extraordinary especially in the regions. This is a very extraordinary holiday season. Hopefully this money turnover is not only on the island of Java but throughout the island of Indonesia," said Zaki.

On the other hand, the increase in public transportation price tickets during the homecoming season is not expected to have a major effect on inflation. The reason is, this will be covered by the massive movement and spending of the community during Eid. "Indeed, there is an impact on inflation because of the increase, but it can still be covered with human movements," he concluded.