Accelerating Economic Growth, Government Strengthens Debottlenecking to Promote Business Climate

The government is continuously strengthening debottlenecking efforts as a strategic step to overcome various obstacles faced by the business world while also serving as a means to drive higher economic growth.

This was stated by Finance Minister Purbaya Yudhi Sadewa at a seminar organised by Warta Ekonomi Group titled “Untangling Economic Growth Bottlenecks: Synergy of Fiscal, Monetary, and Business Sectors Towards Indonesia 6%” on Monday (6/4).

In his presentation, Finance Minister Purbaya identified two obstacles affecting the investment climate, namely policy-related barriers and barriers in conducting business activities. To address these, the government has established the Task Force for Accelerating Strategic Government Programmes (Satgas P2SP), which functions to expedite the resolution of various challenges faced by business actors in running their operations. This task force operates across ministries and institutions and focuses on direct case resolutions through debottlenecking complaint hearings.

“So all business actors in Indonesia, both domestic and foreign, can report to us. There are many complaints; as of 6 April, there are 112 complaints, and 52 have been heard,” the Finance Minister explained.

The Finance Minister emphasised that the debottlenecking approach not only focuses on case resolutions but also on systemic improvements through regulatory enhancements.

“If it looks good on paper but nothing works in the field, I go back to the field; if there are issues with the regulations, we fix them,” he added.

With the private sector contributing around 90 per cent to the economy, ensuring that the business world can conduct operations smoothly is a key point in efforts to accelerate national economic growth.

“So I am interested in ensuring the private sector can do business well without obstacles. That is one of the recipes to ensure we can grow towards 8%,” said the Finance Minister.

At the end of his presentation, Finance Minister Purbaya expressed optimism about Indonesia’s economic prospects in line with increasingly synchronised fiscal and monetary policy coordination, as well as improvements in the investment climate through strengthened debottlenecking by Satgas P2SP.