Indonesia’s Economic Growth Can Reach 5 Percent in 2021

Government of Indonesia predict that Indonesia’s Economic growth in 2021 would increase until 5%. According to Bhina Yudisthira, The growth can be reach with several requirements, but we still have to be optimistic. The regulation issued by the government that has been carried out is  already good and can push our economic growth to increase significantly. PEN regulation is one of the example of regulation that needs to be appreciated because it benefits for the entrepreneur.

However, there are game changers that must be passed or maintained by Indonesia. First, there was an export rebound which caused Indonesia’s export commodities to increase significantly. This increase in exports was triggered by China and the US, where demand for raw or finished goods is increasing.

Then the second is related to economic digitization. Bhima admitted, not all sectors in Indonesia have taken advantage of digitalization due to several factors. For example, e-commerce related to tourism transportation services has decreased, but e-commerce related to food and beverage delivery is increasing. Therefore, Bhima emphasized that all sectors in the country should be able to take advantage of digitalization so that they can grow again.

Furthermore, Ministry of finance Indonesia, Sri Mulyani, explained that in 2021 the government had made massive efforts. This is evidenced by the fiscal deficit that is now wider than that stipulated by law. Even so, the government still controls the fiscal deficit to keep it under control.

Apart from that, the government has also held vaccinations which are a game changer recently. Even today, Indonesia is among the 10 countries that have administered the fastest vaccinations. Then, the government has also carried out structural reforms. Also, how to encourage community mobility and consumption but also rack the brain so that increased activity does not cause an increase in Covid-19.