'Strengthen Security Belt'! GovernmentZEs No Control Of 100 Percent Overcoming Guncangan And Crisis

Illustration (Photo: Doc. Antara)

JAKARTA Minister of Finance (Menkeu) Sri Mulyani again conveyed a warning to the potential for worsening the economic situation in 2023. According to him, there are a number of challenges that have the opportunity to add to the post-COVID-19 pressure that is now being managed.

"The pandemic is not the last shock. We are now faced with technological disruptions that create booms and buses from crypto. Then there is climate change," he said in commemoration of World Anti-Corruption Day on Tuesday, December 13.

The Minister of Finance added that the shock is also believed to come from the demographic aspects of the population to geopolitical (war).

These can all affect the occurrence of food crises and energy crises. So I say that as managers of state finances, we will face shocks that cannot be controlled 100 percent," he said.

Furthermore, the Minister of Finance revealed that in each of these dynamics it is very possible to have a prolonged effect that occurs widely.

"In dealing with the crisis, it is necessary to emphasize how we respond to challenges and threats to society. How can we protect Indonesia to achieve the goal of a fair society when the shock occurs in a great way," he said.

The state treasurer believes that the crisis is very likely to affect fundamentals, structurals, and governance practices.

"Therefore, I hope that the anti-corruption warning will not only be a jargon but also an effective answer so that Indonesia can continue to advance," he said.

VOI noted that the economic projection in 2023 will not be better than the 2022 period. This refers to a number of global challenges. First, the inflation rate which will still remain at a high level.

Second, the increase in the central bank's benchmark interest rate in response to efforts to control inflation. The attitude of the monetary authority then has an impact on increasing the cost of funds (cost of funds) and also the economic slowdown which has triggered stagflation to recession.

IMF data states that global economic growth next year is only 2.5 percent of this year's 3.2 percent.