Government Targets IDR 1,650 Trillion Investment In 2024

Illustration. The beginning of the construction of the Semantok Dam infrastructure in Nganjuk Regency, East Java. (doc PUPR)

JAKARTA - The government is optimistic that investment in 2024 will reach IDR 1,650 trillion, an increase of 17.85% compared to the 2023 investment target of IDR 1,400 trillion.

Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadia said that his party was ready to achieve the investment target.

However, he is still confused by the reason the Coordinating Minister for Economic Affairs Airlangga Hartarto is targeting investment next year to be as big as the world economy is still full of uncertainty.

"Next year, the target (investment) is Rp. 1,650 trillion, actually you can ask Mr. Airlangga, Mr. Airlangga is good at making numbers, but it's not clear where he got the numbers from," Bahlil said at a press conference in Jakarta, Friday, October 20.

Kendati demikian, Bahlil menyampaikan akan sekuat tenaga untuk memenuhi target realisasi investasi yang ditetapkan pemerintah pada 2024 dan akan tetap berkomitmen untuk mengejar target tersebut sesuai dengan arahan Presiden Joko Widodo.

Previously, the investment target for next year was delivered directly by Airlangga at the Executive Forum Media Indonesia event, Thursday, March 9.

"Consumption and investment needs to be driven by an investment target in 2023 of IDR 1,400 trillion, which will increase to IDR 1,650 trillion in 2024," said Airlangga.