Indef: Political Year Will Increase Public Consumption And Encourage National Economic Growth

JAKARTA - Institute for Development of Economics and Finance (Indef) senior economist Aviliani said that the political year, namely the 2024 General Election, would increase public consumption which could contribute to supporting national economic growth.

"Political years tend if we see a lot of spending carried out by political parties so that there will be an increase of at least the funds issued by political parties and candidates who want to become members of the DPR," said Aviliani in Jakarta, quoted from Antara, Thursday, March 2.

In a public discussion with the theme Economic Challenges in the Political Year monitored online, Aviliani said the increase in consumption was supported by financing issued by political parties and candidates for people's leaders who participated in the 2024 General Election.

According to Aviliani, the consumption will begin to be felt in 2023 ahead of the 2024 General Election where political parties and leading candidates make various preparations including for campaigns.

The democratic party was held to directly select various political positions by Indonesian citizens who have met the requirements to become voters.

The various political positions include the president and vice president, governor and deputy governor, regent and deputy regent, mayor and deputy mayor, legislative members consisting of the DPR, provincial DPRD, district/city DPRD, and DPD.

Aviliani said that twice the last election period, economic growth remained good at 5.01 percent in 2014 and 5.02 percent in 2019.

"Our society tends to be much more mature because elections are considered normal," he said.

However, he said that in the election year, the important thing to do is ensure that the government's policies (policy) are sustainable so as to support investors to invest.

"That person is usually afraid of the investment because usually when the president's policy changes, it also changes. This does need strengthening in our Bappenas," he said.

He said the programs in the previous government should be able to be continued in the next government with new leaders so as to provide certainty for investors.

"So the vision and mission should not always be different from every president, but how to continue existing programs. This may need to be convinced so that investment will still exist," he said.