Sri Mulyani Boasts That The Target Of Economic Growth Is In Line With The Projections Of Many Global Institutions

Minister of Finance, Sri Mulyani. (Photo: Doc. Setkab)

JAKARTA - The government through the Minister of Finance (Menkeu) Sri Mulyani said that the projection of economic growth for the period 2021 and 2022 is in line with the projections of many credible international institutions.

"The government's projections about the Indonesian economy are still in line with assessments from various international institutions, such as the World Bank, OECD, ADB, and also the IMF," he said during a speech at the DPR Plenary Meeting at the Senayan Parliament Complex, Jakarta, Monday, May 31.

According to the Minister of Finance, the assessments from these various institutions on the Indonesian economy vary in the range of 4.3 to 4.9 percent for the growth period of 2021. Then, in the range of 5 to 5.8 percent for the projection of economic growth in 2022.

"The variation in the assessment between these institutions in the pool which is still very high shows that the assumption of economic growth is still filled with high uncertainty, both due to COVID-19 and the global economic recovery itself," he said.

Furthermore, the Minister of Finance revealed that in compiling the outlook for economic growth for the period 2021 and projections for 2022, the government continues to consider various factors comprehensively.

“Including the dynamics of the economy that continues to develop, both from domestic and global factors. For this reason, it was decided that the range of economic growth for 2021 was 4.5 percent to 5.3 percent, and for the 2022 period it was 5.2 percent to 5.8 percent, reflecting optimism as well as an element of uncertainty due to the risk of the COVID-19 pandemic, "he explained.

For information, the government is now continuing to push for structural reforms with a focus on developing human resources, infrastructure, and efforts to improve the ease of doing business.

In addition, the implementation of the Job Creation Law and its derivative regulations are expected to increase production capacity and economic performance now and in the future.

“Reform policies will increase investment, improve the business climate, and have the potential to create quality jobs. The role of the workforce, which continues to grow during the period in which Indonesia is enjoying the demographic bonus as it is today, will be stronger and more significant in economic growth," concluded the Minister of Finance.