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THE INVESTMENT TARGET OF IDR1,400 TRILLION IS NOT EASY: MINISTER BAHLIL

THE MINISTER of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia said that achieving the investment target set for 2023 of IDR1,400 trillion is not easy.

“This target is not an easy job. This is very hard work. Why do I say it is very hard, because the global economic crisis is right in front of our eyes,” said Minister Bahlil Lahadalia in Badung Regency, Bali, Saturday (01/07).

He said Indonesia’s investment target of IDR1,400 trillion given by President Joko Widodo was a condition for Indonesia’s economic growth to be above the five percent mark.

According to him, the COVID-19 pandemic which is still in the recovery phase and geo-political tensions between Russia and Ukraine which resulted in a food and energy crisis have affected various countries including Indonesia and could affect investment figures.

“So if I am asked whether I am optimistic about the target of IDR1,400 trillion, I say that the Indonesian economy is good but the global economy is not in good condition. I don’t mean to say that I am pessimistic. We must be optimistic but realistic optimists,” he said.

Bahlil Lahadalia revealed that in order to achieve this target, stability is needed. If Indonesia during 2023 is able to maintain good stability, it is believed that Indonesia’s growth will also be good

“But if our stability is not maintained properly, it is not impossible that Indonesia will suffer the same fate as what happened to Britain,” he remarked.

For this reason, currently his party is discussing strategies for achieving investment targets in 2023. One of the strategies being carried out is to focus on downstreaming.

He added that his party is also optimistic that it can achieve the investment target in 2022 which has been set at IDR1,200 trillion.

“God willing, we will reach the target. But how much, that’s what we will announce in the middle of January,” added Bahlil Lahadalia. [antaranews/photo special]