Let Elka Call The 8 Percent Economic Growth Target Difficult To Achieve Without Investment

Deputy Chairman of the DEN Mari Elka Pangestu (Photo: Antara)

JAKARTA - Deputy Chairman of the National Economic Council (DEN) Mari Elka Pangestu revealed that the 8 percent economic growth target would not be achieved without investment. Therefore, he said the biggest challenge today is increasing investment.

"If we want to grow at 8 percent, it can't be avoided that we need to increase our investment," he said at the Indonesia Summit 2025 event, in Jakarta, Wednesday, August 27.

So the big challenge is actually how to increase investment. So that our growth is now still around 5 percent. If we want to grow above 5 percent, it is impossible without increasing investment," he continued.

However, continued Mari, simplification is needed, or the elimination of rules and regulations as a whole to improve the investment climate in the country.

"Actually, President Pak Prabowo has announced that we need comprehensive deregulation and reform to really improve our investment climate, so that we can attract investment," said Mari.

According to Mari, one way to bring in investment can be by developing industrialization and sustainable downstreaming. Thus, the government can focus more on creating green energy.

"If it is not sustainable, it will not develop again. Here maybe we can have a lot of roles from clean energy," he said.

However, continued Mari, another challenge faced by the government is the provision of clean energy at an affordable price.

"And one of the issues we are currently facing is the availability of clean energy and affordable, clean energy at an affordable price," he said.