Consuming Local Products Strengthens the Economy, Says Sri Mulyani

23 June 2022 13:59 WIB

Finance Minister Sri Mulyani Indrawati chaired the Finance Ministers and Central Bank Governors Meeting (FMCBG) meeting at the Jakarta Convention Center, Jakarta, Thursday 17 February 2022. The meeting which took place on 17-18 February 2022 was a series of meetings on the Financial Path in the G20 Indonesia Presidency which carries six priority agendas, namely an exit strategy to support a fair recovery, discussion of the scarring effect to secure future growth, payment systems in the digital era, sustainable finance, financial inclusion, and international taxation. ANTARA PHOTOS/Hafidz Mubarak A/POOL

TEMPO.CO, JakartaFinance Minister Sri Mulyani Indrawati in her acceptance speech at the Lagawi Festival on Thursday said small and medium industries have become one of Indonesia’s economic backbone. She mentioned that the higher the consumption of local products, the stronger it will be for Indonesia's economy. 

“The higher the local product consumption, it will strengthen our economy and recover us from the pandemic that hit us,” said Minister Mulyani on June 23. 

She noted that in 2021, 4.4 million units of small and medium industries will absorb 15.64 million workers and have contributed to the non-oil and gas national economic growth of 21.22 percent.

Mulyani advised small and medium-sized industries in the country, especially in Lampung, to continue innovating and champion creativity in developing products that can better represent Indonesian culture and customs.

The Finance Minister also hopes that all SMEs will continue to improve the quality of their products, to compete with foreign-made products, both in terms of quality and price, and of course they can enter the world trade supply chain.

MUHAMMAD HENDARTYO

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