At The UGM Seminar, Sri Mulyani Called Indonesia Advancing In 2045 Unlike The Story Of Roro Jonggrang 1 Night

Minister of Finance Sri Mulyani Indrawati. (Photo: Doc. Ministry of Finance)

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani said Indonesia needs strong commitment and efforts to achieve the golden goal of becoming an advanced country by 2045. For this reason, hard work from all sectors of the economy is needed to realize this hope.

"Reaching an advanced Indonesia is not like the Roro Jonggrang Temple which was made in one night, but it requires one condition to build the quality of human resources. We also need to build adequate infrastructure, we must also be able to become technology inverters and not only as technology users, ”Sri Mulyani said virtually, Thursday, April 1.

Minister of Finance added, the public bureaucratic sector also needs to improve itself in order to improve service quality appropriately and effectively.

"These are a number of requirements that must be followed and fulfilled in order to reach advanced Indonesia," he said.

In fact, he said, this requirement is an absolute thing that must be passed by all countries in the world to be able to achieve the title as a developed country or a country with high income.

Furthermore, the former Managing Director of the World Bank revealed that not many countries are able to formulate accurate strategies to achieve this status.

"In the East Asian region, only Japan, South Korea, Taiwan and Singapore have managed to get through it all," he said.

The Minister of Finance firmly explained that many countries have entered middle income status, but have failed to raise their level to the advanced country level.

"This condition is called a middle income trap, they cannot reach a higher income country status because they are still struggling with structural instruments in their own country." He explained.

In detail, Sri Mulyani explained that on the 100th anniversary of Indonesia's independence in 2045, the projected population of 319 million people, 47 percent of whom are of productive age and 70 percent are middle class.

Of the total population, 70 percent live in urban areas while the other 30 percent live in rural areas.

In that period, Indonesia was believed to be among the top 5 countries with the largest economic level in the world with a total income per capita of US $ 23,199, or included in the high middle income category.

Meanwhile, the structure of the economy then shifted from the agricultural sector to a more high-value sector, such as manufacturing and services.