Examining Ministerial Efforts to Boost the National Economy

Synergy between ministries is required to successfully implement the government’s overall priority programmes while accelerating national economic growth. Each ministry plays a crucial role as a driver of the economy through its authority to formulate policies, regulations, and oversight within its respective sector. These efforts aim to pursue the ambitious national economic growth target of 8% by 2029. The government’s strategy includes promoting fiscal, monetary, and financial sector policies that are aligned and mutually reinforcing. The government is also accelerating high value-added, export-oriented investment and encouraging the role of BPI Danantara to speed up productive investment in strategic sectors. Furthermore, long-term investment to leverage state assets is being strengthened through increased participation from global investors. Fiscal policy next year will be directed to drive higher national economic growth and accelerate prosperity. The government is optimistic that the Indonesian economy can grow faster, which will have a significant impact on improving people’s welfare.