President Prabowo Subianto has set the target of Rp13,032 trillion (US$803 billion) in investment for the 2024-2029 period to create more jobs domestically and promote economic growth.
“In addition, to encourage economic growth of 8 percent in 2029,” Minister of Investment and Downstreaming, Rosan P. Roeslani, said on Thursday, January 2, 2024.
According to Roslan, he estimated that the government needs at least Rp3,414 trillion in investment per year to achieve this economic growth.
He did not specify how the government could achieve the investment target of Rp13 trillion during the 2024-2029 period, while citing the investment target in 2025 is Rp1,905 trillion.
Rosan said further that the investment is expected to be able to create quality jobs. In addition, the investment is also expected to be a driving force for national economic growth.
He cited that industrial downstreaming will play a significant role in attracting investment to Indonesia. He expressed hope that the investment contribution to Gross Domestic Product (GDP), which is currently in the range of 24-25 percent, can increase even higher.
The government considers that the investment portion needs to be boosted, so that it becomes an important instrument in efforts to drive long-term economic growth.
With this investment target, the government is optimistic that it can strengthen the national economy, create jobs, and ensure that Indonesia remains a competitive investment destination on the global stage.
