Sumbertopilmu.com In terms of GDP, Indonesian economic growth has surpassed that of pre-COVID in both 2021 and 2022. In contrast, the state budget deficit is only slightly high.
According to the elements of the gross domestic product (GDP) and state budget deficit, the Indonesian economy has returned to the pre-COVID level, according to Sri Mulyani Indrawati, Minister of Finance.
"In terms of GDP, Indonesian economic growth has surpassed that of pre-COVID in both 2021 and 2022. In contrast, the state budget deficit is only slightly negative "Mulyani made this observation in a news release following the plenary cabinet meeting on Monday on the Financial Note and the draft state budget for 2023, which was presided over by President Joko Widodo (Jokowi).
According to the most recent statistics from Statistics Indonesia (BPS), the GDP-based Indonesian economy grew by 5.44 percent, or Rp4,919.9 trillion, in the second quarter of 2022 compared to the same time in 2017.
The BPS also reported that Indonesia's economy, as measured by GDP, expanded by 3.69 percent in 2021 to Rp16,970.8 trillion, or US$4,349.5 per person.
According to Minister Mulyani, the outstanding 5.44 percent economic growth in the second quarter of 2022 exceeded government expectations.
"Economic growth in the second quarter was 5.44 percent, as was seen yesterday. Given that growth was quite strong in the second quarter of last year at 7.1%, this growth is surprisingly high "she declared.
The government expected Indonesia's economic growth to be 5.2 percent in the second quarter based on a high benchmark from the previous year, but the actual figure was higher.
For the second semester of 2022, the government would work to keep the economy strong, she said.
The economy is already doing well in 2022, and Mulyani recommended maintaining it in the second semester.
Given the volatility in the global environment, domestic issues should be pursued to support this effort.
Mulyani brought up the president's directive that all ministries and government organizations should prioritize purchasing goods with a high local content in order to achieve government spending in 2022.
In the third and fourth quarters, when the global economy is expected to continue its volatile path, this will be able to sustain a bigger economic recovery, she said.
