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Hashim doubles down on growth goal, promising 8% by year-end
A top adviser to President Prabowo Subianto has expressed confidence that Indonesia will achieve 8 percent year-on-year GDP growth in this year’s final quarter thanks to the government’s food and housing programs.
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Businessman Hashim Djojohadikusumo, who has been appointed by his brother, President Prabowo Subianto, as a special presidential envoy on environment and climate, delivers a statement during the United Nations Climate Conference (COP29) in Baku on Nov. 12, 2024. (Reuters/Maxim Shemetov)
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top adviser to President Prabowo Subianto has expressed confidence that Indonesia will achieve at least 8 percent year-on-year (yoy) economic growth in this year’s final quarter thanks to the government’s food and housing programs.
Speaking at the Indonesia Economic Summit organized by the Indonesia Business Council (IBC) on Wednesday, Hashim Djojohadikusumo said the free nutritious meal program for 82 million beneficiaries would single-handedly boost gross domestic product (GDP) growth by 2 percentage points once it reaches full scale.
“I'm actually very optimistic [that], in the last three or four months [of this year], we will actually surpass 8 percent,” said Hashim: “It’s just basic arithmetic, basic mathematics.”
Hashim, who is also the President’s brother, went on to claim that the 2 percent increment was “on top of the 5.3 percent” growth he assumed the country would automatically achieve, based on projections from the National Planning Agency (Bappenas).
Indonesia’s GDP grew by a more modest 5.03 percent throughout last year, and the 2025 state budget plan assumes a rate of 5.2 percent this year.
Hashim illustrated that the free meals program would entail a need for “82 million eggs every day”, alongside “82 million chicken drumsticks [and] chicken wings every day”.
The government’s program to build or renovate 3 million homes every year would add another two to 2.5 percentage points to annual GDP growth, he claimed.
