MINISTER of National Development Planning /Head of the National Development Planning Agency (Bappenas) Suharso Monoarfa noted the need for total investment of Rp7,138.7 to Rp7,374.4 trillion to achieve the 2024 economic growth target.

The total investment comes from government investment of IDR369.4-Rp447.8 trillion, state-owned investment of IDR411.1-Rp433.3 trillion, and private investment of IDR6,358.2-IDR6,493.2 trillion.

“Investment from the State-Owned Enterprises (SOE) and private sectors is one of the drivers of the success of national development (with a contribution of 90%). Therefore, I urge state-owned enterprises and the private sector in Indonesia to participate in active collaboration with the government to accelerate the achievement of development goals,” Suharso said at the 2023 Central Development Coordination Meeting which was monitored virtually, in Jakarta, Thursday (04/06), 2023.

According to him, achieving the national priority targets of the Government Work Plan (RKP) cannot only be supported by State Budget (APBN) financing, but also various other sources of financing such as BUMN and private investment.

“As an illustration, there are 119 SOE priority projects with a total investment of Rp290.51 trillion,” he said again.

In addition, there are 89 private priority projects with an estimated investment value of IDR1,229.4 trillion that support national development priorities.

“These priority projects are spread across various regions, both in western and eastern Indonesia,” he said.

Based on the results of the midterm evaluation of the 2020-2024 National Medium-Term Development Plan (RPJMN), investment growth reached 3.87 percent in 2022 from the target of 6.6-7% in 2024. Going forward, the Ministry will focus on achieving the investment growth target in 2024 to become one of the factors driving economic growth above 5%. [antaranews/photo special]