The Jakarta Post
The 2018 Asian Games and Asian Para Games, which Jakarta cohosted with Palembang in South Sumatra, contributed to the decline of the capital city’s economic growth, said Jakarta Governor Anies Baswedan, adding that the city had enjoyed a robust economy during preparations for the games a year earlier.
“Preparations for the Asian Games and Asian Para Games in 2017 had a bigger economic impact compared to [the actual events] in 2018,” Anies said in the plenary meeting at the City Council on Monday as reported by kompas.com.
Still, Anies said that Jakarta’s 2018 economic growth, which stood at 6.17 percent, was still above the national average of 5.17 percent in the same year.
Jakarta Tax and Levy Agency (BPRD) head Faisal Syafrudin said the city administration managed to reach its target in 2017 thanks to the tax amnesty.
“We had a tax amnesty in 2017. It was tremendous, we got almost Rp 2 trillion [US$ 141.38 million] from that,” he said, adding that the fact the amnesty did not continue in 2018 also contributed to lower revenue.
The City Council’s Hanura Party faction questioned the drop, adding that Jakarta’s Rp 61.24 trillion revenue in 2018 was 93 percent of the initial target of Rp 65.81 trillion. (ami)
We changed the heading from the original version “Jakarta economy slows down because of 2018 Asian Games, Anies says” to reflect the words delivered by Jakarta Governor Anies Baswedan in his speech as reported by kompas.com on Monday.