Dream - Candidates for President and Vice President 2024-2029 have started campaigning for the programs they will implement if elected in the 2024 Presidential Election. Ganjar Pranowo-Mahfud MD has also designed a grand vision to achieve 7 percent economic growth for Indonesia.
The target set by the pair supported by PDI Perjuangan and its coalition party is in line with the government's commitment to promote Indonesia as a high-income country. Both are confident that they can achieve this target as long as Indonesia's economic growth remains consistent at 7 percent.
To achieve the aforementioned growth target, the Ganjar-Mahfud MD pair will enhance the role of cooperatives and micro, small, and medium enterprises (MSMEs), support new businesses throughout Indonesia, and utilize infrastructure. Other sources of growth will be driven by the digital economy, green-blue economic management, and the national manufacturing industry, which is expected to grow at around 7.5-8 percent. Despite being confident in the economic programs they propose, Ronny P Sasmita, an Economic Observer from the Indonesia Strategic and Economics Action Institution, believes that realizing this vision will be difficult.
"According to me it's quite difficult. Our purchasing power is currently being squeezed and global demand is decreasing,"
Ronny said as quoted from Merdeka.com, Wednesday, October 24, 2023. Follow the news about Ganjar Mahfud at ganjarmahfud03.id.
"Dream.co.id"
Ronny assesses that Indonesia has been relying on government investment and spending to boost national economic growth. However, according to him, government investment and spending, referring to the performance of the past two years, have not significantly impacted economic growth. These two instruments of economic growth play a bigger role in supporting the economy from falling further. "Government investment and spending can only hold back a drastic decline in growth, not boost it," said Ronny.
Although pessimistic about the achievement of the said vision, Ronny does not deny that Indonesia's economic growth averaging 7 percent can be achieved. The condition is to have economic breakthroughs that can drive new sources of economic growth.
The following is the translation of the given 'Bahasa' text to 'English' while preserving any html tags: "The belief that Indonesia's economy can grow by 7 percent has also been voiced by the Coordinating Minister for Economic Affairs, Airlangga Hartarto. To make Indonesia an advanced country by 2045, the minimum wage for workers should be Rp10 million. Indonesian workers will be able to earn Rp10 million after the year 2030."
"In 2030, we hope to achieve a middle-income country status, despite the middle-income trap, where Indonesia is projected to have GDP growth and income per capita above USD 10,000 after 2030.""
The translation of the given text from 'Bahasa' to 'English' while preserving the HTML tags is as follows: "words Airlangga in HSBC Summit 2023, at St Regis, Jakarta, Wednesday, 11 October 2023."
According to a report released by the Central Statistics Agency (BPS), in February 2023, the average salary of Indonesian workers was Rp2,944,541 per month. This figure increased slightly from the same period in the previous year, which was Rp2,892,537 per month. Consistent with the BPS report, Salary Explorer, a salary comparison provider, and career portal, reported that the average employee in Indonesia earns at least Rp3 million per month.
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