The DPR PKB Faction Will Invite Experts To Find Formulas To Face The "Significant Dark" Global Economy IMF Predictions

Illustration of the DPR MPR Senayan Jakarta. (Between)

JAKARTA - The PKB faction of the DPR highlighted the global economic outlook which the World Financial Organization (IMF) said would be "significantly dark". To find a formula for dealing with these economic shocks, the PKB faction of the DPR will seek input from various reliable economic experts.

“As we all know, what we convey about our economic condition in the IMF signals convey that we have even pinned the term significant illicit. The IMF said that, because we have seen geopolitical conditions that we cannot avoid, and this is really not an internal factor, an external factor that we have to deal with," said Chairman of the PKB faction of the DPR Cucun Ahmad Syamsurijal at Nusantara I Building, Parliament Complex Senayan, Jakarta. , Monday, August 22.

Cucun appealed to the public not to use this condition as something that could be exploited by speculators.

Moreover, he continued, the condition of the Indonesian people sometimes took what was said by economic observers and members of the DPR. In fact, he said, it is very dangerous because the economy is volatile.

“This is very dangerous even though the name of this economy is volatile. It could be that the current conditions, for example fuel, because our subsidy is too big, there will be an economic shock that must be prepared for what the soft buffer will look like," he said.

The deputy chairman of the DPR's Budget Agency (Banggar) emphasized that the government's goal with the DPR is only one, namely realizing the welfare of the Indonesian people with the function of the APBN.

Among other things, distribution, allocation and stabilization will be carried out by the government and approved by the DPR. Thus, input from experts and experts is very much needed in making policies in the DPR.

“The stagnation condition caused by the spike in global inflation and the economic slowdown as a result of geopolitics, we will see how the speakers, including the architects of the state budget, will see. We hope that this discussion will become a reference for the PKB faction to make policies," said Cucun.

Meanwhile, Head of the Fiscal Policy Agency (BKF) Febrio Nathan Kacaribu said that if the IMF said that global economic conditions would be significantly dark, according to him, nothing would be as dark as early 2020. Likewise, when Indonesia faced the Delta variant of COVID-19.

However, he said, all of them are faced together and with uncertainty can be overcome.

Febrio admits that the challenges that will be faced will increase because the pandemic is not over yet. On the one hand, he does not know whether there are challenges that are more severe than 2020. What is certain, he said, is that Indonesia already has strong working capital, namely collaboration in the future can be capital.

“Before the geopolitics at the end of February 2022 we were already facing high inflation in many parts of the world, why? Because for two years the world community has had a lot of savings, when they start to relax, the world community wants to be mobile and wants to move. But the supply sector cannot adjust,” he said.

Then, continued Febrio, this was exacerbated by the geopolitics of the start of the war in Ukraine. And this conflict is not something that can be imagined will be resolved in the short term.

"We have to be prepared but this will become the new normal, between camps or between parties the conflict will not be resolved in the short term," he said.