Investment Realization Reaches IDR 829.9 Trillion, Observers Say There Is No Benefit for Local Economy – 2024-07-30 02:53:00

Investment Realization Reaches IDR 829.9 Trillion, Observers Say There Is No Benefit for Local Economy
 – 2024-07-30 02:53:00
Illustration.(MI/ADAM DWI)

Director of Digital Economy Center of Economic and Law Studies (Celios), Nailul Huda said that the realization of investment reaching IDR829.9 trillion in the first semester of 2024 did not provide benefits to the local economy. The fantastic figures that continue to be touted by Investment Minister Bahlil Lahadalia are considered not to have been realized in economic activities.

“The claimed large investment coming into Indonesia does not bring positive benefits to the local economy. Many domestic businesses are sluggish, and labor absorption is also minimal,” he told Media Indonesia, Monday (29/7).

Nailul said that the realization of the investment seemed to be just a unilateral claim from the government. Because, the community does not feel the economic impact, in fact, currently the job market is still very minimal.

“Therefore, I think there are many claims that we cannot use as claims for investment entering Indonesia,” he added.

He asked that the target and realization of the investment need to be evaluated. After all, such a large investment claim must bring real economic benefits to the community.

“This means that there must be an evaluation in our investment absorption. I think we first fix the incoming investment data so that it can show the actual trend of domestic investment. Then we also have to reduce investment costs, especially the corruption costs that are already rooted in our bureaucracy,” he said.

Previously, Investment Minister Bahlil Lahadalia said that the realization of investment entering Indonesia in the first semester of 2024 reached IDR829.9 trillion. This figure reached 50.3% of the target set by President Jokowi of IDR1,650 trillion in 2024. (Z-6)

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