MINISTER of Finance (Menkeu) Sri Mulyani Indrawati said that Indonesia’s economic growth by the end of 2024 could reach 5.1%.
“With the economic developments that we are monitoring and predictions for the end of 2024, we estimate that economic growth by the end of the year will reach 5.1%,” said the Minister of Finance and chairman of the Financial Sector Stability Committee (KSSK) during the KSSK press conference held at the Bank Indonesia (BI) building. ), Friday (18/10).
He emphasized that economic growth which is believed to be 5.1% at the end of the year can be achieved because several government policies which continue to be directed at maintaining people’s purchasing power, such as through maintaining price stability and also social protection programs which support economic activity, will continue. continued and executed at the end of 2024.
“Apart from that, we will also hold simultaneous regional elections in November 2024 and it is estimated that it will have a positive impact both in terms of consumption and community activities. Also in the fourth quarter we will have community mobility on national holidays at the end of the year and make a positive contribution to the consumption variable in our economy ,” explained the Minister of Finance who is familiarly called Srimul.
Meanwhile, for 2025, continued Srimul, according to the discussion in the APBN, the estimated economic growth of 5.2% yoy will still be maintained.
“Especially by maintaining domestic demand to increase productivity and strengthen Indonesia’s economic structure. Including activities to absorb labor and investment in the context of downstreaming to create higher added value,” he concluded. (Fal/M-4)
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