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Bappenas draws up two scenarios to attain Prabowo’s 8% growth target
Bappenas has drawn up two possible scenarios for the country to achieve incoming president Prabowo's plan to reach GDP growth of 8 percent, an entire percentage point higher than Jokowi's unattained target of 7 percent.
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President-elect Prabowo Subianto arrives at the Presidential Palace on July 8, 2024 for a meeting with President Joko “Jokowi“ Widodo. (The Jakarta Post/Antara)
T
he National Development Planning Agency (Bappenas) has drawn up two scenarios to achieve president-elect Prabowo Subianto’s plan to bump up the GDP growth rate to 8 percent.
The scenarios, which are included in the 2025-2029 National Medium-Term Development Plan (RPJMN), foresee increasing GDP growth to an average rate of 6 to 7 percent during the Prabowo administration toward ultimately hitting 8 percent annual GDP growth.
“For us, what’s important is how to find the sources of economic growth to accelerate it to 8 percent,” Bappenas economy undersecretary Amalia Adininggar Widyasanti said, as quoted by Bisnis.com on Wednesday.
One scenario envisions attaining a growth rate of 5.7 percent in Prabowo’s first year in office, followed by 6.4 percent, 7 percent, 7.5 percent and then 8 percent in each subsequent year. This brings the average to 6.9 percent throughout the five years of the incoming Prabowo administration.
The other scenario aims to achieve 8.3 percent growth in Prabowo’s third year by aggressively jacking up the rate to 6.8 percent during the first year and then 7.6 percent in the second. These are to be followed by 8.0 percent and 7.8 percent in his fourth and fifth years, respectively, for average GDP growth of 7.7 percent.
An earlier document created by Prabowo’s campaign team stated that an annual GDP growth average of 6-7 percent was necessary to achieve the Golden Indonesia 2045 vision for the country to become a developed country by its independence centenary.
Read also: Prabowo promises 8% growth through downstreaming
