Indonesia’s economic growth can exceed 5.3%: Minister
Indonesian Coordinating Minister for Economic Affairs Airlangga Hartarto has said he is optimistic that national economic growth will cross 5.3 % in 2023 if the government spending is increased.
Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartato, at the ‘2023 BUniverse Economic Outlook’ webinar on February 14, 2023. (Photo:ANTARA/VNA)
Jakarta (VNA) - Indonesian Coordinating Minister forEconomic Affairs Airlangga Hartarto has said he is optimistic thatnational economic growth will cross 5.3 % in 2023 if the government spending isincreased.
Speaking at the 2023 BUniverse Economic Outlook” webinar on February 14, theminister said to encourage economic growth, the government has created severalpolicies, such as encouraging the implementation of low carbon economicactivities through carbon trade.
He added that under the Financial Sector Development andStrengthening Law (UU P2SK), carbon trade will be included in the IndonesiaStock Exchange.
Besides, the Financial Service Authority's commission will also be added specifically to handle carbon trade. Infrastructuredevelopment in Nusantara capital city (IKN) will also be continued with theexpectation that it will support economic growth.
Moreover, the government will continue to downstream natural resources-basedcommodities, not only nickel, but also other commodities such as bauxite andtin. This will be undertaken through the policy within the P2SK Law that allowsbanks to provide bullion services.
The government is also optimistic that economic growth can be expedited throughthe Government Regulation in Lieu of Law (Perpu) No. 2 of 2022 on Job Creation,which is expected to anticipate global economic uncertainty./.
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Indonesian Coordinating Minister for Economic Affairs, Airlangga Hartato, at the ‘2023 BUniverse Economic Outlook’ webinar on February 14, 2023. (Photo:ANTARA/VNA)
