Deputy Minister Of Finance: The Government Still Pursues The Target Of Becoming The Top Five World Economic Powers In 2045

Illustration. (Irfan Meidianto / VOI)

JAKARTA - Deputy Minister of Finance Suahasil Nazara said that the Indonesian government is currently striving to achieve the vision of a Golden Indonesia by 2045. One of them is by improving the domestic economy.

Suahasil said, entering 2020, the government sees the situation as being quite optimistic to pursue this target. However, entering February and March, Indonesia and the world are faced with the problem of the COVID-19 pandemic. In fact, until now the pandemic has not ended.

Furthermore, he said, the pandemic had caused enormous changes in the economy. For this reason, the government is currently still focused on handling the pandemic. This is because the outbreak of the COVID-19 pandemic has hampered the realization of the vision of a Golden Indonesia 2045.

"And we are seeing very basic changes in the Indonesian economy due to the pandemic. Our perspective is that Indonesia continues to improve its economy to achieve its golden vision of 2045," he said in a video conference, Monday, October 12.

As is known, in the 2045 Golden Indonesia vision, the government is targeting gross domestic product (GDP) to reach 7 trillion US dollars. So that it becomes a country that is included in the top five world economic powers in 2045.

Suahasil said, even though the COVID-19 pandemic is causing a bad impact on all sectors. However, the government remains on track to reach Golden Indonesia 2045.

The government is optimistic that this target can be achieved. Suahasil said, one of the ways was by making economic transformation in order to maintain economic recovery.

Suahasil explained, although the government's main focus is to deal with the health sector to overcome the spread of the COVID-19 pandemic, economic transformation must still be carried out. The goal is that when the COVID-19 pandemic ends, Indonesia is ready to step up and jump further forward.

Furthermore, he said, economic transformation was carried out by taking into account the composition of the Indonesian economy, namely household consumption which contributed 57 percent of GDP, investment contributed 30 percent to GDP, and government spending.

"Therefore, we must look for policy breakthroughs that can increase both of them. Current government spending is still the foundation, but after the pandemic is over, then the economy is advanced, so consumption and investment are expected to pick up," he said.