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Dream - Coordinating Minister for Maritime Affairs and Investment, Luhut Binsar Pandjaitan, is optimistic that the government can complete various major projects such as the Nusantara Capital City (IKN), toll roads, and Free Nutritious Meals from the elected president in 2024, Prabowo Subianto.
"This we can accomplish in the capital city, we can complete the Sumatra Toll Road, we can also complete other projects, nutritious meals, which will be done gradually through the ideas of the elected president."
"ungkap Luhut dikutip dari Liputan6.com, Selasa, 11 Juni 2024." translates to "revealed Luhut quoted from Liputan6.com, Tuesday, June 11, 2024."
Luhut also stated that state debt will not become a burden. According to him, the government has arranged the national economy in the long term, including for debt affairs.
"We don't have any problems, our debt is still reasonable to be paid. Coordination in increasing the deficit is within limits, reallocation of spending towards productivity, and everything we do gradually, sustainably, this fiscal will continue to be maintained,"
"tegasnya." translates to "firmly."
Furthermore, according to Luhut, the government has a record of never failing to pay debts for decades.
"You see these numbers are still good. Debt ratio, our debt interest ratio, everything is well managed. And this is the experience of the government, I think Indonesia has never failed to pay for decades."
Luhut's word.
"He dismisses Indonesia as a debtor country. He assesses that the government's debt is still relatively safe, with a debt-to-gross domestic product (GDP) ratio at around 36 percent. 'Some people say our debt is high, but our ratio to GDP is still 36 percent, which is very low compared to many countries. Where is the mistake?' expressed Luhut."
According to him, economic growth targets can be achieved without sacrificing fiscal sustainability. He also believes that the future state budget deficit will remain maintained at around 2.5 percent.
"This is in my office where they are creating an economic model. So that we can see that in the next 5 years, we actually have no problem with a budget deficit of 2.5 percent."
added Luhut.
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