JAKARTA - President Joko Widodo (Jokowi) delivered a state speech at the People's Consultative Assembly (MPR) Annual Session at the Senayan Parliament Complex today.
In his message, Jokowi explained the success of the government in maintaining the national economy.
In fact, the President said that Indonesia had succeeded in achieving outstanding results in the midst of continuing global uncertainty.
"Inflation was successfully controlled in the range of 4.9 percent. This figure is far below the ASEAN average of around 7 percent and far below the inflation of developed countries, which is around 9 percent", he said on Tuesday, August 16.
According to the President, until mid-2022, the State Budget recorded a surplus of IDR 106 trillion.
"Therefore, the government can provide subsidies for fuel, LPG, and electricity, amounting to Rp502 trillion in 2022, so that fuel prices in the community do not soar", he said.
Furthermore, he also revealed that the economy managed to grow positively at 5.44 percent in the second quarter of 2022.
Then, the trade balance was also in surplus for 27 consecutive months, and in the first semester of 2022, it was around IDR 364 trillion.
"We should be grateful for this achievement. Indonesia's economic fundamentals remain very good in the midst of a turbulent world economy", he said.
"On the one hand, we must remain vigilant and must remain careful. But on the other hand, we must continue with the nation's big agendas to achieve Advanced Indonesia", concluded President Joko Widodo.
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