President Jokowi: Increase in Export, Investment is Key to Economic Growth

President Jokowi opens the 2023 Investor Daily Summit 2023 at Hutan Kota by Plataran in Senayan, Jakarta, Tuesday (10/24). (Photo by: PR of Cabinet Secretariat/Jay)

Export and investment must continue to be increased to maintain Indonesia’s economic growth, President Joko “Jokowi” Widodo has said.

“The key [to economic growth] is to maintain export so that it continues to increase. This is not easy. Investment must also be maintained so that it continuously grows because the base of our economic growth is still consumption, be it the Government’s or private sector’s,” he said while opening the 2023 Investor Daily Summit at Hutan Kota by Plataran in Senayan, Jakarta, Tuesday (10/24).

According to President Jokowi, the two aspects will be the new bases of the country’s economic growth.

“We hope that if we can increase our exports and investments, they will become the bases of Indonesia’s economic growth,” he said, adding that the Government plans to give incentives to the property industry to stimulate economic growth as the industry has many derivatives.

“We want to trigger our economy by providing incentives for housing development, for properties because the industry covers many other industries. It can comprise 114 industries, including rooftile, cement, brick, sand, timber, door, glass, ceramic, and many others. [The incentives] can boost these industries’ growth,” he said.

The President pointed out that the incentives can be given in the forms of value-added tax (VAT) exemption for houses with certain prices and elimination of administration fee for low-income groups.

“However, it has not been decided. The decision will be made this afternoon. It will boost investment in the housing sector,” he remarked. (DK/UN) (DH/MUR)