Sri Mulyani To Her Subordinates: Economic Recovery Can Befortunate If You Can't Face Challenges

Minister of Finance Sri Mulyani (Photo: Capture the screen of the Ministry of Finance's Youtube)

JAKARTA Minister of Finance (Menkeu) Sri Mulyani said that Indonesia is one of the countries that is able to deal with the impact of the pandemic quite quickly. According to her, the collaboration of all stakeholders with the community plays a major role in restoring the health and economic sectors.

However, the Minister of Finance assessed that this achievement must be maintained and not complacent about the various possible dynamics that will occur in the future.

"We understand, even though the pandemic can be handled, new challenges will be present and must be alert to face it. This is also a challenge that can harm or reduce the power of national economic recovery," he said during a speech at the commemoration of the 76th Oeang Day as well as the Ministry of Finance's Anniversary on Monday, October 31.

Therefore, the Minister of Finance hopes that the momentum obtained will not only be used as a celebration joy event but also readiness to be determined in facing all possibilities that can arise in the future.

"Because of the challenges, whatever the form, will continue to undermine or harm the realization of Indonesia's ideals of independence," he said.

The statement of the state treasurer is not without reason. The reason is, an international financial institution from the United States, namely the IMF, stated that the world's economic growth this year is estimated to be lower than the previous projection to 3.2 percent. This figure is believed to be increasingly depressed to 2.5 percent in 2023.

This condition of not wearing cannot be separated from the belief that the economic slowdown in developed countries, especially America, China, and the European region, which are currently facing a recession threat. This situation of course raises its own concerns about Indonesia's exports.

If exports slow down, the wheels of the national economy can be disrupted so that the potential for faster recovery can decline. Therefore, the government chooses to strengthen domestic consumption while keeping inflation under control so that the economic momentum currently on a positive track can be well guarded.