Jokowi's economic challenges

2019-2024: From investors

leaving, 'weak' competitiveness,
to swollen debt
Arranged by :
Bayu
Iwan
Dhevista
Deri
Agus
Yuni
 Myth of seven
percent growth

"Economic growth was slow in

the second quarter, especially
towards Eid Mubarak, even
though it was the highest point in
a year where household
consumption should reach above
5.2 or 5.3%.
 Lose to compete from
Vietnam and Malaysia

Another Jokowi's promise of one period that

was not achieved was to increase industrial
competitiveness, where Indonesia was still
inferior to neighboring countries such as
Vietnam and Malaysia.
“We are increasingly innovating and
adapting, their competitiveness is good,
their economic policies are clearer, and their
tax incentives can be directly felt by
businesses. “
 Increase the ease of doing business

• "Even though the World Bank and the IMF have lowered Indonesia's growth
projection this year, we at BKPM remain all out. Our investment realization
target this year is Rp850 trillion and from this target around 50-55% we hope
to be donated by FDI,“
• "In the next five years we are still quite optimistic we can achieve the target.
We have enough FDI stock. Interest in investment in Indonesia is high but the
realization cannot be as fast as in Vietnam,"
 Debt swells  

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Some infrastructures that have been or are being

built include the Trans Java toll road, the Trans
Sumatra toll road, the Trans Sulawesi toll road, and
the Trans Papua toll road. In total, National Strategic
Projects (PSN) which are estimated to cost up to
Rp4,197 trillion. This development also helped
increase Indonesia's debt.
A year after being inaugurated in 2014, Indonesia's
debt was recorded at Rp3,165 trillion, or 27.43% of
Gross Domestic Product (GDP).
 Promise next five years
• promise of human resource
development, which will indeed take a
long time to achieve. They will only think
of the structural challenges of the
economy in 2022
• promised to simplify regulations to
encourage the development of
industrial-based exports. And
manufacturing industry because this will
reduce dependence on commodities,"
Conclusion
in countries that have a high population, such as Indonesia. The
problems of employment, unemployment, rising prices (inflation) and
poverty in Indonesia have become the main problems of this nation and
need appropriate solutions to solve these problems so as not to hamper
the steps of the Indonesian State to become a more developed country.
In order to achieve economic prosperity for its people, every economic
system adopted by each country will face the same economic problems.
To find out what economic problems exist in a country and how to
overcome them it is necessary to have an analysis that starts from the
smallest thing.