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Jakarta Post

Sri Mulyani sets sights on 6% GDP growth by 2023 through reform

The Jakarta Post Image
Finance Minister Sri Mulyani Indrawati delivers her remarks after the signing of a memorandum of understanding (MoU) and a cooperation agreement for the Coordination of the Acceleration and Electronification of Regional Government Transactions at the Office of the Coordinating Ministry for Economic Affairs, Jakarta, Feb. 13, 2020. The agreement aims to increase accountability in the management of state finances and minimize the potential for financial leakage in local governments. (Antara/M Risyal Hidayat)
Dzulfiqar Fathur Rahman
Jakarta   ●   Thu, April 29, 2021

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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