Gov’t Committed to Reducing Current Account Deficit: President Jokowi
Date 12 November 2019
President Joko “Jokowi” Widodo has instructed Cabinet Ministers to combat current account deficit and trade balance deficit.
“I have said to the Cabinet Ministers that we must pay close attention to import and export so that we can analyze the problems in detail,” President Jokowi said in his remarks during the 8th Anniversary of the Nasdem Party at the JI-Expo Convention Center and Theater, Kemayoran, Central Jakarta, Monday (11/11).
The President added that the problems will be resolved in the next 3-4 years if the right measures are carried out consistently. President Jokowi also said that oil imports must be reduced and domestic oil production must be increased, including by increasing production of B20, B30 and B100.
The President has also warned all relevant parties not to hamper the progress of reducing the current account and trade deficit.
On that occasion, President Jokowi also explained that the Government would issue an Omnibus Law to create employment and boost investment, replacing 70 Laws with one Law.
“This has never happened before in Indonesia but we will do this to accelerate our speed in decision making,” the President said.
In the meantime, President Jokowi also said that the Government coalition remains solid.
The President further said that the country needs big ideas to achieve prosperity and social justice for its people.
Also present during the event were, among others, Vice President of the Republic of Indonesia KH. Ma’ruf Amin, the 5th President of the Republic of Indonesia Megawati Soekarnoputri, the 10th and 12th Vice President of the Republic of Indonesia Jusuf Kalla, Speaker of the House of Representatives (DPR) Puan Maharani, Speaker of the People’s Consultative Assembly (MPR) Bambang Soesatyo, Speaker of the Regional Representatives Council (DPD) La Nyala Mattaliti, Chairperson of the Nasdem Party Surya Paloh and the members of the Nasdem Party.
Translated by: Ridwan Ibadurrohman
Edited by: Yuyu Mulyani