The Finance Ministry plans to boost Indonesia’s gross domestic product (GDP) growth to 6 percent by 2023 through mid-term structural reform starting with next year’s state budget.
Finance Minister Sri Mulyani Indrawati said on Thursday that the government would focus more spending next year on improving human capital, infrastructure and bureaucratic and regulatory reform, including by implementing the Jobs Creation Law.
The government issued the Jobs Creation Law last year and issued dozens of implementing regulations earlier this year in starting to operationalize the omnibus law and spur investment.
“This can support our economic growth to above 6 percent without putting pressure on the state budget, and it can even make our budget healthy again as the growth leads to a strengthened tax base,” the minister said in a virtual...
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