President Jokowi Calls World Economic And Political Upheaval Disrupting Global Supply Chains

President Jokowi/Photo: Setkab

JAKARTA - President Joko Widodo (Jokowi) stated that the current world economic and political turmoil that has disrupted global supply chains, triggering potential food and energy crises, must be a shared understanding.

President Jokowi said this when he received the 2021 Central Government Financial Report (LHP LKPP) at the Bogor Presidential Palace, West Java, Thursday, June 23.

"This situation must become our common understanding so that we have the same sensitivity, have the same feelings, respond, prepare the right response and policies at all levels of state institutions at all levels, both central and regional," said the President as quoted from the Secretariat's online broadcast. President.

Before President Jokowi gave his speech, the Chairman of the Supreme Audit Agency (BPK) Isma Yatun had read the 2021 LHP LKPP. The President said the current and future challenges would not be easier because Indonesia was still in a situation full of uncertainty. This situation makes Indonesia must always be vigilant.

"The global economic and political situation which is currently volatile, has not yet recovered from the impact of the COVID-19 pandemic, then we were surprised again by the war in Ukraine, which disrupted the supply chain, whose economic impact was everywhere," he said.

The economic impact of the turmoil in the global situation is an increase in inflation, the potential for food crises and energy crises that are faced by all countries.

The President asked that all parties understand the current global economic and political turmoil so that they can take the right policies. Some of the right policies to be implemented at this time include increasing domestic product spending so that there is a circulation of money in the country.

"We have to maximize our own strength, especially the power of domestic spending, we know that at the center there is IDR 526 trillion, in the regions IDR 535 trillion plus and SOEs of IDR 420 trillion, an amount that is not small, which if spent on domestically produced goods, I always say repeatedly, will have a significant impact, accelerating our recovery efforts,” he explained. In addition, industrialization and downstreaming of natural resources also need to be intensified in order to create added economic value and expand employment opportunities. semi-finished, or if it can become finished goods, it creates a multiplier effect, not only in value but also in employment," said President Jokowi.