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Jakarta Post

Omnibus and governance

  • The Jakarta Post

  /   Tue, January 28 2020   /  01:32 am

Public debate has been preoccupied since last year with the drafting of three omnibus bills on job creation, taxation and the strengthening of the financial system. The hurly-burly of the reform drive, which will amend hundreds of laws and thousands of clauses to remove overlapping and contradictory regulations, seems to have inflated expectations that most of our economic ills can be cured with omnibus laws.Theoretically, omnibus laws would most likely be much more effective than the 16 reform packages President Joko “Jokowi” Widodo signed between 2015 and 2019 to boost investment. But the most optimistic estimate tells us that the entire political process for the enactment of the omnibus laws, including the issuance of government regulations and ministerial decrees on the technical details for the omnibus law enforcement, would take more than one year to complete. In the meantime, ...