Jokowi Eyes to Make Indonesia 7th Largest Economy in 2030

5 August 2022 16:49 WIB

President Joko Widodo delivers an opening speech of the National Gathering of the Indonesian Retired Army Association (PPAD) at Bogor Palace, West Java, Friday, August 5, 2022. ANTARA PHOTO/Dhemas Reviyanto

TEMPO.CO, JakartaPresident Joko "Jokowi" Widodo targeted Indonesia to become the world's seventh largest economy in 2030. He said the foundations to achieve this are being prepared.

“The foundations to compete with other countries must be arranged and built. Because in the future it won't be big countries defeating small countries or rich countries beating poor countries. The battle will be fast countries beating slow countries,” said the President when opening the National Gathering of the Indonesian Retired Army Association at Bogor Palace, West Java, Friday, August 5, 2022.

He explained that the first foundation to be prepared is the infrastructure. In the past seven years, Indonesia has constructed more toll roads up to 2,042 kilometers, 5,500 new airport non-toll roads, 15 new ports, 18 new dams, and 38 new irrigations covering an area of 1.1 million hectares.

The impact of this infrastructure will only be felt in the next 5-10 years. “Maybe we can't feel it instantly now and it will affect the state budget,” the state head remarked.

The second foundation is developing downstream industries. Through this, Indonesia will no longer export raw materials, but rather processed materials from mining products.

The last foundation is the digitization of MSMEs. He stated that 65.4 million MSMEs contributed to the economic growth of up to 61 percent. Thus, he is optimistic that digital MSMEs could boost the Indonesian economy from currently in 30th position to 7th in the world by 2030.

“Bappenas (National Development Planning Agency) and McKinsey calculate that we will become the world’s fourth largest economy in 2045,” said Jokowi.

M JULNIS FIRMANSYAH

Click here to get the latest news updates from Tempo on Google News



Jokowi Meets High Ranking Officials, Discuss Fuel Subsidy

30 menit lalu

Jokowi Meets High Ranking Officials, Discuss Fuel Subsidy

President Jokowi conducted a meeting with leaders of the state high institutions to discuss fuel subsidy


Jokowi Hints Support for Prabowo, Ganjar Pranowo in 2024 Election

1 jam lalu

Jokowi Hints Support for Prabowo, Ganjar Pranowo in 2024 Election

President Jokowi did not deny that he had given his blessing to two renowned politicians, Ganjar Pranowo and Prabowo Subianto.


Luhut Leads Meeting on West Papua Infrastructure Development

2 jam lalu

Luhut Leads Meeting on West Papua Infrastructure Development

Luhut Pandjaitan on Thursday reasserted the government's intent to advance West Papua via infrastructure developments.


IKEA to Open Store in Surabaya

10 jam lalu

IKEA to Open Store in Surabaya

Swedish furniture retailer IKEA is preparing to open a new store in Surabaya City, East Java, precisely at the Ciputra World Surabaya shopping mall.


Indonesia's Economy Impressive Compared to Others, Sri Mulyani Claims

22 jam lalu

Indonesia's Economy Impressive Compared to Others, Sri Mulyani Claims

Finance Minister Sri Mulyani announces that Indonesia's Q2 economy showed admirable performance.


Investment Minister Emphasizes MSMEs' Significance in Economic Crisis

1 hari lalu

Investment Minister Emphasizes MSMEs' Significance in Economic Crisis

Minister Bahlil acknowledges the significant role of MSMEs in boosting the national economy during an economic crisis.


Sri Mulyani: Women Entrepreneurs Determines Country's Progress

1 hari lalu

Sri Mulyani: Women Entrepreneurs Determines Country's Progress

Finance Minister Sri Mulyani ensured that the government will keep providing capital assistance for micro, small, and medium enterprises (MSMEs).


XR Indonesia Urges Jokowi to Declare Climate Emergency

2 hari lalu

XR Indonesia Urges Jokowi to Declare Climate Emergency

Extinction Rebellion Indonesia, Change.org urged President Jokowi to declare a climate emergency.


President Jokowi Laments People Seeking Medical Treatment Abroad

2 hari lalu

President Jokowi Laments People Seeking Medical Treatment Abroad

President Jokowi says he is often saddened by the fact that some Indonesians seek medical treatment overseas and highlighted the economic implications


Jakarta Economy Logs 5.59 Percent Growth in Q2

3 hari lalu

Jakarta Economy Logs 5.59 Percent Growth in Q2

Jakarta's economy continues to log positive trends in 2022 which was evident in Q2 that logged a growth of 5.59 percent.