Jokowi To Bahlil, Realization Of Investment In 2021 Must Reach IDR 900 Trillion!

President of the Republic of Indonesia, Joko Widodo. (Photo: Setkab)

JAKARTA - Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia revealed that President Joko Widodo (Jokowi) has asked for investment realization to exceed Rp900 trillion in 2021. This target is much higher than the 2020 target.

With a target of IDR 900 trillion, BKPM must at least increase the investment of 8.95 percent from the 2020 realization of IDR 826.3 trillion. In fact, Jokowi's target is also higher than the BKPM target of IDR 856 trillion.

"Our target is that even though the National Development Planning Agency (Bappenas) submits approximately Rp. 856 trillion, we under the President's direction to us it must be Rp. 900 trillion," he said in a virtual press conference, Monday, January 25.

Bahlil admitted that the target set by Jokowi was not an easy job. However, his party will work hard with the strategy owned by BKPM.

"I will try to formulate it with concrete, comprehensive and measurable steps to achieve this target," he explained.

According to Bahlil, Jokowi's targeted realization could be achieved if the pandemic could be handled properly. One way is with the vaccination program that has been run by the government.

"Second, the existence of the Job Creation Law has a positive impact on investors. We plan to execute it in February," he said.

The BKPM recorded investment realization in 2020 amounting to IDR 826.3 trillion. The realization reached 101.1 percent of this year's investment target of IDR 817.2 trillion. The amount of investment in the January-December 2020 period increased by 2.1 percent compared to the same period last year of IDR 809.6 trillion.

If detailed, investment from domestic investment (PMDN) is Rp.413.5 trillion or 50.1 percent of the total investment, while foreign investment (PMA) is Rp.412.8 trillion or 49.9 percent of the total investment.